Executive Offices

The Executive Division provides direct support to the Treasurer in the execution of his wide-ranging Constitutional responsibilities. As the chief banker, the Treasurer is responsible for receiving, depositing, investing, and distributing state funds, as well as anticipating the monetary needs of the state. While these activities are delegated to various divisions, the Executive Division coordinates and manages the day-to-day operations of the office to ensure that the activities remain effective and efficient.

Additionally, on behalf of the Board of Public Works, the Treasurer conducts bond sales each year to ensure the state’s ability to meet its fiscal obligations. The Treasurer also provides lease-purchase financing of capital and energy equipment for state agencies and handles insurance needs for the state.

The Executive Division coordinates legislation for the office, reviewing bills and preparing information for fiscal notes, written testimony, and proposed legislation.

Chief Deputy Treasurer

The Chief Deputy Treasurer coordinates and leads the operations of the State Treasurer’s Office, including the Budget and Financial Administration, Treasury Management, Debt Management, Insurance, Information Technology, and Maryland 529 Divisions. The Chief Deputy Treasurer advises the Treasurer on matters regarding legislative policy, planning, new technologies and long-term operational challenges, opportunities, and strategies. Another critical function of the Chief Deputy is coordinating operational functions with other state agencies, such as the Comptroller’s Office and the Department of Budget and Management.

Additionally, the Chief Deputy Treasurer supports the Treasurer in his service on state boards and commissions, such as the State Retirement & Pension Systems Board of Trustees, Maryland Teachers & State Employees Supplemental Retirement Plan Board of Trustees, the Maryland Health and Higher Educational Facilities Authority, the Maryland Environmental Service Board of Directors, and Revenue Bond Advisory Committee, as well as in participation with the National Association of State Treasurers.

Deputy Treasurer for Public Policy

The  Deputy Treasurer works closely with members of the General Assembly and its Standing Committees, such as the Senate Budget & Taxation and House Appropriations Committees, regarding the office’s budget. The Chief Deputy Treasurer also prepares reports and updates the office’s progress throughout the year for the Statutory Committees of the House and Senate, including the Spending Affordability Committee, the Joint Committee on the Management of Public Funds, Legislative Policy Committee, and the Joint Audit Committee; as well as serving as the Treasurer’s designee on task forces, commissions, and other committees of the General Assembly, as required.

Board of Public Works Liaison

The Board of Public Works (BPW) Liaison serves as the primary advisor to the Treasurer regarding BPW-related activity. The liaison conducts extensive research and works closely with the Treasurer’s counsel and representatives of the governor, cabinet members and their agencies, the Comptroller, and the BPW Office to prepare a detailed analysis for the Treasurer for each meeting as well as make recommendations to the Treasurer about the agenda Items. The liaison serves as the primary contact for members of the Maryland General Assembly for all issues related to the BPW and as such, informs state legislators of upcoming board actions that affect their districts, and provides a status update once the board has rendered its final vote.

Additionally, this person represents the Treasurer on the Maryland Agricultural Land Preservation Foundation and the Maryland Environmental Service.

We are developing an online portal to streamline the process of setting up new agency accounts. In the meantime, please complete this temporary PDF form. To ensure the security of your sensitive information, please only fax the completed form to us at (410) 974-2076 or send via regular mail to the address listed below. We apologize for the inconvenience and appreciate your patience as we transition to the new online system. 


Maryland State Treasurer’s Office 

Banking Services

80 Calvert Street

Annapolis, MD 21401

Lockbox Banking Services

Solicitation Number:

RFP #LB-10192023


Lockbox Banking Services

Issue Date:


Proposals Due: 


Award Date:



Solicitation Letter

Financial Proposal Form


Amendment #2

Questions & Answers #1

Questions & Answers #2 (2 of 2)



The State Treasurer’s Office (“STO”) is an agency of the State of Maryland. Information on Maryland State General Obligation Bonds will be available to you after you read and acknowledge this disclaimer. The Official Statements linked to the Debt Management section of the STO website (the “Official Statements Webpage”) is the only information on this site intended to reach the investing public, including Maryland State General Obligation bondholders, rating analysts, financial advisors, or any other members of the investment community.

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If you need help downloading Official Statements or other information, or would like to obtain copies of printed Official Statements, please contact the STO’s Debt Management Division at (410) 260-7920.


All information contained in the STO Official Statements Webpage is obtained from sources believed to be accurate and reliable. Refer to the Official Statement of each series for complete information on that issue. This information, however, is prepared “without audit” unless otherwise identified as audited financial information. Due to the possibility of human or mechanical error as well as other factors, this information is provided “as is” without warranty of any kind and the STO makes no representation, express or implied, as to the accuracy, reliability, completeness, or timeliness of this information, and is not responsible for any loss or damages incurred by parties using this information.

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