APPROVED DEPOSITORIES - 8031
Agencies/Departments shall deposit into the centralized State Treasury System (CTS) at a depository bank approved by the State Treasurer’s Office (STO). The STO has approved the following depository banks:
- Bank of America
- BMO Bank, N.A.
- Citibank
- JPMorgan Chase & Co.
- U.S. Bank
- Wells Fargo Bank
- Westamerica Bank
Agencies/Departments must submit a written request to the STO to add or change depository banks.
To add a depository bank, include the following in the request:
- Bank and branch
- Reason for adding a bank
To change a depository bank, include the following in the request:
- Current bank name and address
- New bank, branch name, and address
- Reason for changing banks
Agencies/Departments may submit the request electronically to the STO Centralized Treasury and Securities Management Division-Bank Reconciliation Section at ctsmd-bankrec@treasurer.ca.gov or mail a hard copy to:
State Treasurer’s Office (IMMS C-15)
Centralized Treasury and Securities Management Division
Bank Reconciliation Section Manager
P.O. Box 942809
Sacramento, CA 94209-0001
For a description of accounts outside of the CTS, including Zero Balance Accounts, see SAM Section 8002.