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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 Finance Division staffs the
Short Term Fund Board on behalf of the State Treasurer. This board
advises the Oregon Investment Council and the Oregon State Treasury
in the management and investment of the Local Government Investment
Pool.
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