Treasury Vision Statement
Financial leadership today for Oregon’s tomorrow.
Treasury Mission Statement
To provide financial stewardship for Oregon.
State Treasurer Randall Edwards is a constitutional officer and
a statewide elected official. He serves as the chief financial
officer for the State and is responsible for the prudent financial
management of billions of taxpayer dollars. Edwards, who took
office in January 2001, serves a four-year term and is limited
to two terms.
The Oregon State Treasury is a highly sophisticated organization
with a wide range of financial responsibilities, including managing
the investment of state funds, issuing all state bonds, serving
as the central bank for state agencies, and administering the
Oregon 529 College Savings Network. The Treasury is managed like
a business, striving to save taxpayers money and earn the highest
possible return on investments.
The Treasury does not collect taxes, the Department of Revenue
does. To go to the department's website, click here on Department
The Finance Division is the central bank for all state agencies
and is Oregon's largest financial institution. The division manages
over 13 million financial transactions annually - including cash
deposits, electronic fund transfers and check issuances - with
over $120 billion flowing in and out of the division each year.
The division provides an automated banking system to state agencies
to help manage these activities. The division also administers
the $8 billion Oregon Short Term Fund, a short-term investment
vehicle for state agencies' and local governments' idle cash.
The Investment Division manages on behalf of Oregonians
a portfolio with a market value of over $70 billion.
The division manages the Oregon Public Employees Retirement
Fund (OPERF), the State Accident Insurance Fund (SAIF),
the Oregon Short Term Fund (OSTF), and numerous smaller
funds such as the Common School Fund and the Oregon Growth
Account. With assets of over $57 billion, OPERF was recently
ranked the 22nd largest pension fund in the U.S.
The Debt Management Division provides central coordination for
all state-issued debt, including over $6 billion in general obligation
and revenue bonds and certificates of participation. The division
monitors local and national bond markets, as well as financial
and economic trends that impact bond issuance structures and interest
This network provides a variety of savings plans to help make
college education affordable for all families. It provides significant
state and federal tax advantages and more flexibility than many
other college savings programs. The network is administered by
a public board chaired by the State Treasurer.
The Information Services Division is the information technology
(IT) management center for Treasury. The division designs, develops
and maintains the technology infrastructure that supports Treasury's
business operations. The division provides the network, applications,
telecommunications, and IT services to conduct business between
Treasury, state agencies, local governments, banks, and other
The Executive Division coordinates policy development, strategic
planning, legislative initiatives, communications, internal auditing
functions, human resource functions, and the publication of all
Treasury financial reports. The State Treasurer serves by constitutional
authority on the State Land Board and by statute on a number of
public financial boards and commissions.