The Treasurer's office is responsible for the financial security of nearly $8 billion in public deposits. As chair of the Public Deposit Protection Commission (PDPC), the Treasurer ensures that public funds deposited in banks and thrifts are protected in the event a financial institution becomes insolvent. Recent reforms undertaken by Treasurer McIntire and adopted by the Commission and the Legislature strengthens these protections on public deposits and reduces the liabilities for participating banks and thrifts by helping make the banking system stronger, public deposits safer, and promoting economic security.
Click here to learn more about the protection of public money, the PDPC, and recent bank closures.
The Office of the State Treasurer provides financial security for our state by making sure our dollars are invested wisely in both the short term and the long term. Treasurer McIntire serves on the Washington State Investment Board whose primary responsibility is to make prudent long-term investments. They manage 17 retirement plans for public employees, teachers, school employees, law enforcement officers, fire fighters and judges as well as 22 other public funds that benefit universities, the developmentally disabled, and wildlife protection. Their total management is $67.6 billion.
Click here to learn more about SIB and how your public dollars are invested.
Financial Literacy is essential in these times of economic turmoil. Whether balancing the family checkbook, purchasing a car, comparing retirement plans, or thinking about buying a home, people need tools to help them make informed choices. There are many excellent resources available to answer your questions. The Office of the State Treasurer has put together a directory of federal, state, and nonprofit agencies prepared to assist you with answers about credit card interest rates, retirement planning, and starting your own business. Click here to see our list of online resources that will assist you in managing debt, developing a budget, or rebuilding your credit.