General Obligation Bond Ratings
AA-/Aa3/AA-
Economy
$2.7 trillion GDP
Population
39.8 million

About California

California is by far the most populous state in the nation, nearly 50 percent larger than the second-ranked state according to the 2010 United States Census.  The estimate of California's population as of January 2018 was 39.8 million residents, which was 12 percent of the total United States population. 

California's economy, the largest among the 50 states and one of the largest in the world, has major components in high technology, trade, entertainment, manufacturing, government, tourism, construction, and services.

Welcome Letter

Welcome to the investor relations website for investors in the State of California bonds.  As California’s Treasurer, I appreciate your continued interest and the commitment to California’s success it demonstrates.  Your investment enables funding for our schools, roads, housing, levees, public facilities, and other crucial infrastructure projects that better the lives of all Californians.    

This website provides a comprehensive site for investors to view information about the State’s finances, financial disclosure information, and upcoming bond offerings. An integral part of my approach to this office is to be transparent, promote better access to the workings of this office, and build trust with the various stakeholders we interact with daily. I will always welcome your feedback on how we are doing.  

By investing in California—the Golden State—you are creating tangible benefits for current and future generations of Californians. On behalf of them, I thank you for your interest and continued support.

Sincerely,
Fiona Ma, CPA
Fiona Ma, CPA
State Treasurer