California Department of General Services (2024)

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.

• APPROVED DEPOSITORIES - 08/2023
• APPROVED DEPOSITORIES - 09/2012