Banking Operations

The State Treasurer's Office – Banking Operations processes all money deposited by each State agency through maintaining and recording the activity on the agencies accounts.                                     

All state warrants are paid by the State Treasurer. The State Treasurer uses a positive pay type of account reconciliation service which is one of the most effective fraud prevention tools available.                                       

The State Treasurer's Office facilitates the receipt and posting of electronic deposits to state agency accounts by receiving and processing ACH credit transactions from external sources.

The State Treasurer's Office allows authorized state agency personnel to request a stop payment on a warrant or a voucher that has not been paid.

The State Treasurer's Office allows authorized state agency personnel to request a hard cancel on a warrant or a voucher that has not been paid and the agency has the original item in hand.                                                                        

Checks deposited by state agencies with the State Treasurer's Office may be returned to the Treasurer’s Office because of insufficient funds, closed accounts or because they are otherwise deemed uncollectible.

The State Treasurer's Office processes and returns forged items through the Federal Reserve Bank. The Federal Reserve Bank processes the forged items for collection through the bank of first deposit.                                                                       

The State Treasurer's Office processes foreign checks for state agencies because they require special handling.

The State Treasurer’s Office provides a cashier/check cashing window in which state agencies are able to collect warrants printed, interagency mail, payroll and CMIA. The Treasurer’s Office cashier window is also open to the public to cash any state issued warrant.

Interagency transfers provide state agencies an efficient method of transferring funds between agencies.