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Virginia Department of the Treasury

Richmond, Virginia, US • 73 Employees
Government

The Virginia Department of the Treasury is responsible for the investment of state monies, issuance and management of the short and long-term financing needs of the Commonwealth, administration of the state’s unclaimed property and escheat laws, administration of insurance and risk management programs, management of the state’s banking network, development of cash management programs, and check issuance services. The Treasury has six service area divisions: General Management, Debt Management, Risk Management, Operations, Cash Management and Investments and Unclaimed Property. The Treasury provides a number of services of direct interest to citizens and localities. For example, 1 in 4 Virginian's is missing money, but doesn't know it. The Unclaimed Property Program returns money, stocks, bonds, dividends, utility deposits, insurance proceeds, tangible property and more to Virginia residents. Whether you've moved, lost a check, or forgotten about a bank account, finding money is easy and free. The Local Government Investment Pool ("LGIP") offers public finance officials professional investment management, daily liquidity and a competitive rate of return while complying with all state statutory requirements. The LGIP's ‘AAAm’ Standard and Poor's rating reflects the high safety level of the invested principal and the fund’s superior capacity to maintain a stable net asset value. Visit www.trs.virginia.gov to find out more!