MML: Becoming A Homeowner

The Treasurer’s Office is committed to fulfilling this mission in a highly professional and ethical manner, while striving for transparency, efficiency, and preservation of public trust.

The Office of the City Treasurer serves as the banker, investor and custodian of public funds for the City of Chicago and the four City of Chicago employee pension funds. As the City’s investor, the Treasurer’s office oversees a $9 billion portfolio designed to protect and grow the city’s investments.

The Treasurer seeks to do more than simply earn money for the city; she seeks to positively impact the individual lives of Chicago residents in every neighborhood. The Office equitably promotes financial empowerment and small business growth in Chicago’s neighborhoods, working to ensure that every community has the tools it needs to develop and sustain its small businesses. The Office seeks to provide valuable services to citizens through research, best practices in financial management, and transparent, data-driven decision-making.

The City Treasurer has three main functions:

• Banker: The City Treasurer is responsible for maintaining all records and accounts associated with the City’s operating funds, as well as the escrow accounts held with various trustee banks.
• Investor: The City Treasurer is the Chief Investment Officer for the City and is responsible for managing the City’s investment portfolio.
• Advocate: The City Treasurer is authorized to conduct educational programs, provide counseling, and disseminate information regarding financial education, small business support, and access to banking for residents of the City.