California State Treasurer
Encyclopedia
The California State Treasurer is responsible for the state's investment
and finance
. The post has more narrow responsibilities and authority than the California State Controller
. Some of the responsibilities include issuing bonds and notes for the state, and trustee, registrar and paying agent for all general obligation bonds and certain revenue bonds investment of temporarily idle state money. The administration of the state's budgets, financial analyses and planning, money allocation, and economic research is under the California Department of Finance
.
The state treasurer assumes office by way of election. The term of office is a four-year term but is limited to two terms. Elections for the State Treasurer are held on a four year concurrent basis with the election of the Governor. The current state treasurer is Bill Lockyer
.
Investment
Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...
and finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
. The post has more narrow responsibilities and authority than the California State Controller
California State Controller
The State Controller is the Chief Financial Officer of the State of California in the United States. The post has broader responsibilities and authority than the California State Treasurer...
. Some of the responsibilities include issuing bonds and notes for the state, and trustee, registrar and paying agent for all general obligation bonds and certain revenue bonds investment of temporarily idle state money. The administration of the state's budgets, financial analyses and planning, money allocation, and economic research is under the California Department of Finance
California Department of Finance
The California Department of Finance is a state cabinet-level agency within the government of California. The Department of Finance is responsible for preparing, explaining, and administering the state’s annual financial plan, which the Governor of California is required under the California...
.
The state treasurer assumes office by way of election. The term of office is a four-year term but is limited to two terms. Elections for the State Treasurer are held on a four year concurrent basis with the election of the Governor. The current state treasurer is Bill Lockyer
Bill Lockyer
William Westwood "Bill" Lockyer is an American politician. He is the current 32nd State Treasurer of California, elected in 2006 and re-elected in 2010. He has also served as California Attorney General and President Pro Tempore of the California State Senate...
.
Duties
- As the state’s banker, manages the state’s investments.
- Administers the sale of state bonds and notes and is the investment officer for most state funds.
- Chairs or serves on several commissions, most of which relate to the marketing of bonds.
- Pays out state funds when spent by the Controller and other state agencies.
List of Treasurers
| Name | Term | Party |
|---|---|---|
| Richard Roman Richard Roman Richard Roman was a politician. Born in Kentucky, after leaving medical school he saw military service in the Black Hawk War in Illinois and later in the Texas Revolution, distinguishing himself at the Battle of San Jacinto. He was a member of the Texas Republic House of Representatives for two... |
1849–1854 | Democratic Democratic Party (United States) The Democratic Party is one of two major contemporary political parties in the United States, along with the Republican Party. The party's socially liberal and progressive platform is largely considered center-left in the U.S. political spectrum. The party has the lengthiest record of continuous... |
| Selden A. McMeans Selden A. McMeans Selden Allen McMeans was an American physician and politician.Born near Knoxville, Tennessee, McMeans first began practicing medicine in the 1840s in Greenville, South Carolina. In 1846, he volunteered for service in the Mexican-American War... |
1854–1856 | Democratic |
| Henry Bates Henry Bates (US politician) Henry Bates of Shasta County, California was a politician affiliated with the American Party . He served as California State Treasurer, 1856-1857. Prior to that, he was a member of the California State Assembly from the 13th district, 1855-1856... |
1856–1857 | American Know Nothing The Know Nothing was a movement by the nativist American political faction of the 1840s and 1850s. It was empowered by popular fears that the country was being overwhelmed by German and Irish Catholic immigrants, who were often regarded as hostile to Anglo-Saxon Protestant values and controlled by... |
| James L. English James L. English James Lawrence English was an American lawyer and Democratic politician.Born in Philadelphia, Pennsylvania, English lived in Pettis County, Missouri, prior to moving to Sacramento, California, in 1853... |
1857–1858 | American |
| Thomas Findley | 1858–1862 | Democratic |
| Delos R. Ashley Delos R. Ashley Delos Rodeyn Ashley was a California and Nevada politician. He served on the California State Assembly, 3rd District, 1854-56. He later went to the California state senate, 1856–57 and would become California State Treasurer, 1862-63... |
1862–1863 | Republican Republican Party (United States) The Republican Party is one of the two major contemporary political parties in the United States, along with the Democratic Party. Founded by anti-slavery expansion activists in 1854, it is often called the GOP . The party's platform generally reflects American conservatism in the U.S... |
| Romualdo Pacheco Romualdo Pacheco José Antonio Romualdo Pacheco Jr. was an American politician and diplomat. Involved in California state and federal politics, Pacheco was elected and appointed to various posts and offices throughout his more than thirty-year career, including the California State Senate, the 12th Governor of... |
1863–1867 | Republican |
| Antonio F. Coronel Antonio F. Coronel Antonio Francisco Coronel served as the fourth mayor of Los Angeles from 1853 to 1854.-Life:... |
1867–1871 | Democratic |
| Ferdinand Baehr Ferdinand Baehr Ferdinand William Baehr was a Republican politician from California. He served as California State Treasurer, 1871-1875.... |
1871–1875 | Republican |
| José G. Estudillo José G. Estudillo José de Guadalupe Concepción Estudillo was a California politician.José G. Estudillo is the son of José Antonio Estudillo, a prominent early settler of San Diego, California... |
1875–1880 | Democratic |
| John Weil | 1880–1883 | Republican |
| William A. January | 1883–1884 | Democratic |
| Denis J. Oullahan Denis J. Oullahan Denis Joseph Oullahan served as California State Treasurer 1884-1887. He was late the Democratic delegate for San Joaquin County 1873-1889.... |
1884–1887 | Democratic |
| Adam Herold | 1887–1891 | Democratic |
| J. R. McDonald | 1891–1895 | Republican |
| Levi Rackliffe Levi Rackliffe Levi Rackliffe served as California State Treasurer from 1895 until his death. He was born in Lincolnville, Maine and died in Sacramento, California, at around age 55. He is interred in the Sacramento Historic City Cemetery.... |
1895–1898 | Republican |
| Will S. Green Will S. Green William Semple Green was a California pioneer, a steamboat captain, mail carrier, surveyor, newspaper publisher, writer, legislator, United States Surveyor General for California, California State Treasurer, and irrigationist.-Private life:He came to California during the California gold rush,... |
1898–1899 | Democratic |
| Truman Reeves Truman Reeves Truman Reeves was California State Treasurer, 1899-1907. He also was a member of the California State Legislature and treasurer of San Bernardino County .-Biography:... |
1899–1907 | Republican |
| William R. Williams | 1907–1911 | Republican |
| Edward D. Roberts Edward D. Roberts Edward D. Roberts was California State Treasurer, 1911–1915.-External links:*... |
1911–1915 | Republican |
| Friend William Richardson | 1915–1923 | Progressive Progressive Party (United States, 1912) The Progressive Party of 1912 was an American political party. It was formed after a split in the Republican Party between President William Howard Taft and former President Theodore Roosevelt.... |
| Charles G. Johnson Charles G. Johnson Charles Gus Johnson served as California State Treasurer, 1923-1956. He was the longest-serving state treasurer. He was forced to resign in 1956 after stories began to emerge over him funneling state funds into personal loans.-Sources:*... |
1923–1956 | Republican |
| A. Ronald Button A. Ronald Button A. Ronald Button was a U.S. Republican politician and California State Treasurer.Button was born in Plainview, Nebraska and graduated from Stanford University and Harvard Law School. In 1928, he began to practice in Hollywood, where he had a number of celebrity clients, including Hedy Lamarr and... |
1956–1959 | Republican |
| Bert A. Betts | 1959–1967 | Democratic |
| Ivy Baker Priest Ivy Baker Priest Ivy Baker Priest was an American political figure. Born in Kimberly, Utah, she was a member of The Church of Jesus Christ of Latter-day Saints.... |
1967–1975 | Republican |
| Jesse M. Unruh | 1975–1987 | Democratic |
| Elizabeth Whitney Elizabeth Whitney Elizabeth Whitney was Deputy California State Treasurer under Democrat Jesse M. Unruh and became Acting State Treasurer upon his death on August 4, 1987. State law provided for her service to be temporary, until the gubernatorial appointment and legislative confirmation of a permanent successor... |
1987–1989 | |
| Thomas W. Hayes Thomas W. Hayes Thomas W. Hayes was the 28th California State Treasurer. A Republican, he was nominated by Governor George Deukmejian to fill the vacancy created by the August 4, 1987 death of Democrat Jesse M. Unruh. He took office in 1989, upon confirmation by both houses of the California Legislature... |
1989–1991 | Republican |
| Kathleen Brown Kathleen Brown Kathleen Lynn Brown is a Democratic politician from California. She is the youngest of four children of former Governor Edmund G. "Pat" Brown and is the sister of current California Governor Edmund G. "Jerry" Brown, Jr... |
1991–1995 | Democratic |
| Matt Fong Matt Fong Matthew Kipling Fong was a Republican who served as the 30th California State Treasurer and was also the adopted son of Democrat March Fong Eu, the 25th California Secretary of State.... |
1995–1999 | Republican |
| Phil Angelides Phil Angelides Philip Nicholas "Phil" Angelides is an American politician who was California State Treasurer and the unsuccessful Democratic nominee for Governor of California in the 2006 elections... |
1999–2007 | Democratic |
| Bill Lockyer Bill Lockyer William Westwood "Bill" Lockyer is an American politician. He is the current 32nd State Treasurer of California, elected in 2006 and re-elected in 2010. He has also served as California Attorney General and President Pro Tempore of the California State Senate... |
2007–Present | Democratic |