The State Treasurer is the state's chief banking official with duties of serves as the receiver and custodian of all state funds. Also manages the state's banking relationships and state fund transfers, depositor of all state public funds, administers the state's unclaimed property program, oversees repayment of certain student grant and loan programs, administers the Teen Court Grant program fund and the Commission of Equal Access to our Courts, promotes financial literacy for high school students, supervises local bank accounts held by various state agencies, and Directs all electronic fund transfers. The State Treasurer is a member of the State Investment Council, which is affiliated with the Office of the State Treasurer for administrative purposes.