APPROVED DEPOSITORIES - 8031

(Revised: 08/2023)

Agencies/Departments will 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
  • Bank of the West
  • 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.

 

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