The West Virginia State Treasurer is, by law, the custodian of all securities belonging to the State of West Virginia. These securities include cash, checks, notes, and certificates of deposit. In particular, various state agencies are required to send securities to the State Treasurer’s Office for deposit into the Treasurer’s Safekeeping Fund.

Agency heads and their designees, particularly financial managers, are encouraged to review the provisions of W. Va. Code § 12-5-1, et seq. in order to determine agency obligations with regard to collecting and depositing securities and funds with the State Treasurer’s Office.

Securities that must be submitted to the State Treasurer’s Office for safekeeping include pledges of bonds or collateral; retirement bonds and investments; security bonds; investment securities and liquidated corporate assets. The Treasurer’s Office also accepts securities for State agencies that are not required by law to post security in any specific form. We no longer accept surety bonds. Acceptable securities for all state agencies without specific code authorization are:

• Cash (includes cash, cashier’s check or certified check)
• U.S. Government Obligations (any direct obligation guaranteed as to payment of both principal and interest by the United States government)
• Certificates of Deposit (CD) (a CD will ONLY be accepted by the State Treasurer’s Office so long as the state agency has specific code authorization to accept CDs)

Sub-Vaults

The Treasurer’s Office vault offers sub-vault space for the use of state agencies. Agencies may store various items including stocks, bonds, historical documents and other valuables.

For more information on safekeeping and sub-vault services, please call 304-558-5000 or email safekeeping@wvsto.com.