California State Treasurer

The California State Treasurer is responsible for the state's investment and finance. The post has narrower responsibilities and authority than the California State Controller. Some of the responsibilities include issuing bonds and notes for the state, and trustee, as well as 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.

State Treasurer of California
Seal of the State Treasurer of California
Fiona Ma

since January 7, 2019
StyleThe Honorable
Term lengthFour years, two term limit
Inaugural holderRichard Roman
FormationCalifornia Constitution

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 Fiona Ma.


  • 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

Richard Roman1849–1854Democratic
Selden A. McMeans1854–1856Democratic
Henry Bates1856–1857American
James L. English1857–1858American
Thomas Findley1858–1862Democratic
Delos R. Ashley1862–1863Republican
Romualdo Pacheco1863–1867Republican
Antonio F. Coronel1867–1871Democratic
Ferdinand Baehr1871–1875Republican
José G. Estudillo1875–1880Democratic
John Weil1880–1883Republican
William A. January1883–1884Democratic
Denis J. Oullahan1884–1887Democratic
Adam Herold1887–1891Democratic
J. R. McDonald1891–1895Republican
Levi Rackliffe1895–1898Republican
Will S. Green1898–1899Democratic
Truman Reeves1899–1907Republican
William R. Williams1907–1911Republican
Edward D. Roberts1911–1915Republican
Friend William Richardson1915–1923Progressive; Republican
Charles G. Johnson1923–1956Republican
A. Ronald Button1956–1959Republican
Bert A. Betts1959–1967Democratic
Ivy Baker Priest1967–1975Republican
Jesse M. Unruh1975–1987Democratic
Elizabeth Whitney1987–1989
Thomas W. Hayes1989–1991Republican
Kathleen Brown1991–1995Democratic
Matt Fong1995–1999Republican
Phil Angelides1999–2007Democratic
Bill Lockyer2007–2015Democratic
John Chiang2015–2019Democratic
Fiona Ma2019–PresentDemocratic
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