California State Treasurer's Office
The California State Treasurer's Office is a constitutionally established state agency that serves as California's banker, managing bond issuance, a $162.6 billion investment portfolio, cash operations, and 17 boards and authorities delivering investment, savings, financing, and small business programs to state agencies, local governments, and residents.
- Company typePublic
- Founded1849
- HeadquartersSacramento, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What California State Treasurer's Office does
The California State Treasurer's Office (STO) is a constitutionally established state government office, created in 1849 and headquartered at 915 Capitol Mall in Sacramento, that serves as California's banker and central treasury operator. It manages bond issuance, the state's debt portfolio, cash flow, and a large investment portfolio that closed 2025 at $162.6 billion (with the Pooled Money Investment Account at $177.4 billion as of May 2026), and it served as agent for sale on $21.3 billion of bonds during 2025. The office is structured around five divisions — Centralized Treasury and Securities Management, Investment, Public Finance, Administration, and Information Technology — and provides oversight of 17 boards, commissions, and authorities spanning affordable housing tax credits, healthcare and educational facility financing, small business credit enhancement, clean energy financing, and state savings programs.
The STO's core products fall into four categories: investment programs for state and local governments (LAIF, PMIA, Time Deposit Program); individual savings and retirement programs (ScholarShare 529, CalSavers, CalABLE, CalKIDS, HOPE for Children Trust Accounts); small business and environmental financing through CalCAP (Small Business, Collateral Support, ADA Retrofits, Seismic Safety, ZEHD, and SSBCI 2.0); and bond issuance/financing authorities (CAEATFA, CEFA, CHFFA, CSFA, CDLAC, CTCAC). Underlying technology consists of government financial management systems including bond issuance platforms, investment portfolio management tools, and public-facing web applications such as the Buy California Bonds portal and the DebtWatch transparency tool. The office does not maintain a public API, SDK, or app.
The STO is not a commercially funded entity; it is funded through state government appropriations and does not charge fees for core public services (with minor exceptions such as public records duplication at 10 cents per page). Its go-to-market is direct-to-government, distributing services through treasurer.ca.gov, an investor relations hotline (1-800-900-3873), Sacramento headquarters and a Los Angeles office, and channel partnerships with participating financial institutions for CalCAP small business lending. Customers span the State of California, California local government agencies, individual residents and families, healthcare and education institutions, and small businesses — with Fiona Ma, CPA serving as the elected State Treasurer since November 2018.
California State Treasurer's Office firmographics
Firmographics- Name
- California State Treasurer's Office
- Legal name
- California State Treasurer's Office
- Website
- https://treasurer.ca.gov
- Company type
- Public
- Founded year
- 1849
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- The California State Treasurer's Office is a constitutionally established state agency that serves as California's banker, managing bond issuance, a $162.6 billion investment portfolio, cash operations, and 17 boards and authorities delivering investment, savings, financing, and small business programs to state agencies, local governments, and residents.
- Ownership category
- akta.pro rank
California State Treasurer's Office industry classification
Industry- Product category
- Government Treasury Management
- NAICS
- Public Finance Activities (921130), Executive, Legislative, and Other General Government Support (921)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Government Accounting & Financial Reporting (BPAIAEAD)
- akta.pro secondary industries
- Municipal Finance, Treasury, Budget & Procurement (BPAIACAC), Supranational, Sub-Sovereign & Agency (SSA) Bonds (FSACABAD)
Keywords
Where California State Treasurer's Office is headquartered
LocationHeadquarters
- HQ city
- Sacramento
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
California State Treasurer's Office business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others
Revenue model
- Government Operations Funding: The STO is funded through state government appropriations and does not generate revenue through commercial means. It facilitates bond sales and manages investments on behalf of California state government, with costs absorbed into state operations.
Go-to-market motion1 record
Distribution channels5 records
Marketing channels5 records
California State Treasurer's Office product offering
Product offeringCore offering
The California State Treasurer's Office acts as California's banker, serving as agent for sale of all State of California bonds, managing the state's debt portfolio, and investing idle public funds through the Pooled Money Investment Account (PMIA) and Local Agency Investment Fund (LAIF). It administers 17 boards, commissions, and authorities that deliver tax-advantaged savings programs (ScholarShare 529, CalKIDS, CalSavers, CalABLE), small business credit enhancement programs (CalCAP), bond financing for healthcare, education, clean energy, and affordable housing, and transparency tools such as DebtWatch and Buy California Bonds.
Product overview
The California State Treasurer's Office operates a platform of financial programs and financing authorities. Core offerings include investment programs (LAIF, PMIA, Time Deposit Program) for government cash management; savings programs (CalKIDS, CalSavers, ScholarShare 529, CalABLE) for individuals and families; small business financing through CalCAP programs (Small Business, Collateral Support, ZEHD, ADA, Seismic, SSBCI); and bond financing services through multiple authorities (CAEATFA, CHFFA, CEFA, CSFA, CDLAC, CTCAC). Additional programs include the HOPE Trust, CalAccount initiative, Buy California Bonds portal, and DebtWatch transparency tool. The office serves as California's banker, managing bond sales and the state's debt portfolio while providing financial access tools for underserved communities.
Differentiator
Problem solved
Functional benefit
Products and services
- Local Agency Investment Fund (LAIF)
Quantifiable outcome
- $21.3 billion in bond sales facilitated in 2025
- +2 more outcomes
Companies that use California State Treasurer's Office
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles5 records
California State Treasurer's Office technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
California State Treasurer's Office partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core and legacy.
- California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA)coreFinancing authority chaired by the State Treasurer that finances clean energy and transportation projects to cut emissions and boost jobs. CAEATFA offers programs including the California Hub for Energy Efficiency Financing (CHEEF), Sales Tax Exclusion for manufacturers, and Property Assessed Clean Energy (PACE).
- California Educational Facilities Authority (CEFA)coreIssues tax-exempt bonds to help private non-profit colleges build affordable campus facilities.
- California Health Facilities Financing Authority (CHFFA)coreProvides financial assistance to public and non-profit healthcare facilities through bond financing and grant programs including the Children's Hospital Program and Mental Health Wellness Grants.
- California School Finance Authority (CSFA)coreFinances educational facilities and working capital for school districts and community college districts since 1985.
- Capital Programs & Climate Financing Authority (CPCFA)coreProvides incentives for capital investments in projects aligning with state and federal policy goals. Administers CalCAP small business programs, tax-exempt bond programs for industrial development, and the CALReUSE program for brownfield redevelopment.
- California Debt & Investment Advisory Commission (CDIAC)coreProvides information, education and technical assistance on debt issuance and public fund investments to local public agencies and public finance professionals.
- California Debt Limit Allocation Committee (CDLAC)coreAllocates California's tax-exempt bond cap for affordable housing and community development projects.
- California Tax Credit Allocation Committee (CTCAC)coreAdministers the federal and state Low-Income Housing Tax Credit Programs.
- CalSavers Retirement Savings BoardcoreAdministers California's retirement savings program for millions of workers who lack access to employer-sponsored retirement plans.
- ScholarShare Investment Board (SIB)coreOversees ScholarShare 529, California's official college savings plan, and CalKIDS, the nation's largest child development program.
- California Achieving a Better Life Experience (CalABLE)coreTax-advantaged savings program helping Californians with disabilities save money without losing public benefits like SSI and Medi-Cal.
- CalAccount Blue Ribbon Commission (CBRC)coreDevelops pathways to provide all Californians with access to zero-fee, zero-penalty financial services and explores innovative public banking options.
- Participating Financial Institutions (PFIs)coreCalifornia financial institutions including banks and credit unions that participate in CalCAP programs to provide loans to small businesses. The CalCAP program incentivizes PFIs to make loans by providing loan loss reserves and collateral support.
- California Air Resources Board (CARB)legacyPartnered with CalCAP from 2009-2023 to support small business loans for heavy-duty vehicles complying with emissions standards. CalCAP contributed $219 million to support over 40,000 loans. The program sunset on July 31, 2023.
- California Energy CommissionlegacyProvided program goals and funding for the CalCAP Electric Vehicle Charging Station program (2015-2022) to expand publicly-available EV charging stations.
Scale indicators8 records
Recent moves5 records
Expansion highlights5 records
California State Treasurer's Office competitors and assessment
Company assessmentDirect peers
- Massachusetts State Treasurer's Office: State-level treasurer's office administering Massachusetts's debt management, pension reserves, and ABLE/529 savings programs. Closely comparable to the California STO in both treasury and constituent savings program operations.
- California State Controller's Office: California's other constitutionally elected financial officer, managing the state's accounting, payroll, and financial reporting functions. A sister state agency with overlapping jurisdiction over state fiscal oversight and complementary financial administration responsibilities.
- Texas Comptroller of Public Accounts: Texas's chief financial officer managing state revenue estimation, accounting, and treasury operations. Comparable in function as a state-level government finance and treasury authority operating at the same constitutional level as the California STO.
- New York State Comptroller: Elected state-level financial officer managing New York State's pension fund, accounting, and debt management. Comparable in scale to the California STO and exercises similar oversight over state bond issuance and public pension investments.
Others
- CalPERS: California's public pension fund, adjacent because it is one of the largest in-state institutional investors overseen by state-level governance. Compares on investment management scale but differs in mandate (pension liabilities vs. operating cash management).
- Federal Reserve Bank of San Francisco: Regional Federal Reserve Bank covering the western U.S., including California. Adjacent as a monetary authority that interacts with state treasury cash holdings and operations, even though its mandate and policy role differ from the STO's operational treasury work.
- JPMorgan Public Finance: Private-sector investment bank with a major public finance practice serving state and municipal issuers. Adjacent because it acts as underwriter, advisor, and counterparty to many of the same bond programs the STO brings to market as agent for sale.
Broad incumbents
- U.S. Department of the Treasury: Federal-level treasury authority managing U.S. government finances, debt issuance, and investment of federal funds. Operates the same fundamental functions as the California STO—debt issuance, cash management, and public finance—but at the federal scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
California State Treasurer's Office social profiles
Digital presenceCalifornia State Treasurer's Office financial estimates
Financial estimateRevenue estimate
Valuation estimate
California State Treasurer's Office leadership team
Management profileNumber of profiles
Profiles13 records
California State Treasurer's Office subsidiaries and ownership
Company hierarchySubsidiaries14 records
California State Treasurer's Office funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
California State Treasurer's Office M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about California State Treasurer's Office
What does California State Treasurer's Office do?
The California State Treasurer's Office acts as California's banker, serving as agent for sale of all State of California bonds, managing the state's debt portfolio, and investing idle public funds through the Pooled Money Investment Account (PMIA) and Local Agency Investment Fund (LAIF). It administers 17 boards, commissions, and authorities that deliver tax-advantaged savings programs (ScholarShare 529, CalKIDS, CalSavers, CalABLE), small business credit enhancement programs (CalCAP), bond financing for healthcare, education, clean energy, and affordable housing, and transparency tools such as DebtWatch and Buy California Bonds.
Is California State Treasurer's Office a public or private company?
California State Treasurer's Office is a public company. It is classified as state government owned and is currently operating.
When was California State Treasurer's Office founded?
California State Treasurer's Office was founded in 1849. It employs 101 to 250 people.
Where is California State Treasurer's Office based?
California State Treasurer's Office is headquartered in Sacramento, United States, in the North America region.
How does California State Treasurer's Office make money?
One revenue line is on record: government Operations Funding.
Who are California State Treasurer's Office's main competitors?
Direct peers on record are Massachusetts State Treasurer's Office, California State Controller's Office, Texas Comptroller of Public Accounts and New York State Comptroller. Others are CalPERS, Federal Reserve Bank of San Francisco and JPMorgan Public Finance. U.S. Department of the Treasury is listed as a broad incumbent.
Does California State Treasurer's Office have an API?
No public API is recorded for California State Treasurer's Office.
What industry is California State Treasurer's Office in?
California State Treasurer's Office's product category is Government Treasury Management. Its primary akta.pro industry code is BPAIAEAD, Government Accounting & Financial Reporting, with a secondary code of BPAIACAC, Municipal Finance, Treasury, Budget & Procurement. Its NAICS code is 921130 and its SIC code is 6199.