Cash Management Department of the Treasury

The Cash Management Department is responsible for managing the Commonwealth's daily cash flows, which total over $60.0 billion annually.  We issue monthly local aid payments to municipalities, regional school districts and charter schools, as well as quarterly payments to municipalities; manage the $11.0 billion short-term investment pool for the Commonwealth's working capital; and regularly reconcile state agency bank accounts.

Additionally, we serve small businesses through our Small Business Banking Partnership. We invest state reserve funds into Massachusetts community banks with the understanding that the financial institutions will use the deposits to issue new small credit-worthy business loans.