Indiana State Treasurer
Encyclopedia
The Indiana Treasurer of State is a constitutional and elected office in the executive branch of the government of Indiana
Government of Indiana
The government of Indiana is established and regulated by the Constitution of Indiana. The state-level government consists of three branches, the judicial branch, the legislative branch, and the executive branch. The three branches balance share power and jointly govern the state of Indiana...

. The treasurer is responsible for managing the finances of the U.S. state
U.S. state
A U.S. state is any one of the 50 federated states of the United States of America that share sovereignty with the federal government. Because of this shared sovereignty, an American is a citizen both of the federal entity and of his or her state of domicile. Four states use the official title of...

 of Indiana
Indiana
Indiana is a US state, admitted to the United States as the 19th on December 11, 1816. It is located in the Midwestern United States and Great Lakes Region. With 6,483,802 residents, the state is ranked 15th in population and 16th in population density. Indiana is ranked 38th in land area and is...

. The position was filled by appointment from 1816 until the adoption of the new Constitution of Indiana
Constitution of Indiana
There have been two Constitutions of the State of Indiana. The first constitution was created when the Territory of Indiana sent forty-three delegates to a constitutional convention on June 10, 1816 to establish a constitution for the proposed State of Indiana after the United States Congress had...

 in 1851, which made the position filled by election. As of 2009, there have been fifty-three treasurers. The incumbent Treasurer is Richard Mourdock
Richard Mourdock
-External links:********...

.

Term limits and qualification

The Indiana State Treasurer is a constitutional office first established in the 1816 Constitution of Indiana
Constitution of Indiana
There have been two Constitutions of the State of Indiana. The first constitution was created when the Territory of Indiana sent forty-three delegates to a constitutional convention on June 10, 1816 to establish a constitution for the proposed State of Indiana after the United States Congress had...

, and was made largely to mirror the position of the treasurer during Indiana's territorial period
Indiana Territory
The Territory of Indiana was an organized incorporated territory of the United States that existed from July 4, 1800, until November 7, 1816, when the southern portion of the territory was admitted to the Union as the state of Indiana....

. Between 1816 and until 1851, the treasurer was nominated by the governor and confirmed by the state senate. With adoption of the current constitution in 1851 the treasurer's office was filled by a public statewide election every four years.

Treasurers take office on February 10 following their election and hold office for four years. Should they resign, be impeached, or die in office the governor has the power to appoint a temporary treasurer to serve until the next general election. The new treasurer, either appointed to elected may only complete the term of the previous treasurer, not serve a new four year term. A treasurer may be elected to consecutive terms, but may serve no more than eight years in any twelve-year period. As of 2007, the salary for the treasurer is $66,000 annually.

Powers

The treasurer's powers are both constitutional and statutory. The treasurer's constitutional powers make him the chief financial officer of the state government and give him control over all of the state's financial assets. Because the state operates with a large reserve fund
Rainy day fund
Rainy day fund, rainy day reserve, or emergency fund are terms used to describe a reserved amount of money to be used in times when regular income is disrupted or decreased in order for typical operations to continue. In the United States, the term is usually used to apply to the funds maintained...

, this give the treasurer control over a large amount of money. In 2007, the total state portfolio was valued at over $5 billion. The treasurer is permitted to invest the funds several different ways, including investments in United States Bonds, Certified Deposits, repurchase agreements, and money market mutual funds.

The Indiana General Assembly
Indiana General Assembly
The Indiana General Assembly is the state legislature, or legislative branch, of the state of Indiana. It is a bicameral legislature that consists of a lower house, the Indiana House of Representatives, and an upper house, the Indiana Senate...

 has assigned the treasurer additional statutory power and made him a member of the state Board of Finance, Indiana Finance Authority, Indiana Transportation Finance Authority, State Office Building Commission, Recreational Development Commission, Indiana Grain Indemnity Fund Board, Indiana Underground Storage Tank Financial Assurance Board, and the Indiana Heritage Trust Committee. Additionally, the treasurer is the vice-chairman of the Indiana Housing Finance Authority and the Indiana State Police Pension Fund. As a member of these boards, the treasurer has a wide range of influence on the state's financial management.

The treasurer is also the head of several of the most important state financial organizations. The treasurer is chairman of the Indiana Bond Bank, a state controlled bank that provides financing to municipal government to allow for large infrastructure investments. The bank then sells the debts as secured bonds on the national market. This allows local governments to secure credit a low rate of interest. The treasurer is also the chairman of the Indiana Education Savings Authority which manages savings accounts for college educations. The treasurer chairs the Public Deposit Insurance Fund and the Board for Depositories that insures the deposits of municipal governments in the state, much as the Federal Deposit Insurance Corporation
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation is a United States government corporation created by the Glass–Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. , the FDIC insures deposits at...

 insures private accounts, except without limiting the amount of the insurance. The Indiana Institute for Public Funds Management is private organization that was developed to provide financial education for municipal government leaders. The treasurer is designated by the organization its chairman.

List of treasurers

Territorial treasurers

#NameTook officeLeft officePartyHometownNotes
1 Davis Floyd
Davis Floyd
Davis Floyd was an Indiana Jeffersonian Republican politician who was convicted of aiding American Vice President Aaron Burr in the Burr conspiracy. Floyd was not convicted of treason however and returned to public life after several years working to redeem his reputation...

1814 1816 Democratic-Republican Corydon, Indiana
Corydon, Indiana
Corydon is a town in Harrison Township, Harrison County, Indiana, United States, founded in 1808, and is known as Indiana's First State Capital. After Vincennes, Corydon was the second capital of the Indiana Territory from May 1, 1813, until December 11, 1816. After statehood, the town was the...


State treasurers

#NameTook officeLeft officePartyHometownNotes
1 Daniel Crosby Lane November 16, 1816 December 28, 1822 Democratic-Republican Harrison County, Indiana
Harrison County, Indiana
Harrison County is a county located in the far southern part of the U.S. state of Indiana along the Ohio River. It is divided into twelve townships, and the county seat is Corydon, the former capital of Indiana. The county is part of the larger Louisville/Jefferson County, KY–IN Metropolitan...

2 Samuel Merrill
Samuel Merrill (Indiana)
Samuel Merrill was an early leading citizen of the U.S. state of Indiana.-Biography:Samuel was born in 1792 in Peacham, Vermont, the second son of Jesse and Priscilla Merrill. He attended Dartmouth College for one year before moving to Pennsylvania to study law with his older brother James. In...

December 28, 1822 February 13, 1834 Whig Corydon
Corydon, Indiana
Corydon is a town in Harrison Township, Harrison County, Indiana, United States, founded in 1808, and is known as Indiana's First State Capital. After Vincennes, Corydon was the second capital of the Indiana Territory from May 1, 1813, until December 11, 1816. After statehood, the town was the...

 & Indianapolis, Indiana
Indianapolis
Indianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...

3 Nathan B. Palmer February 13, 1834 February 9, 1841 Democrat Jefferson County, Indiana
Jefferson County, Indiana
Jefferson County is a county located in the U.S. state of Indiana. As of 2010, the population was 32,428. The county seat is Madison.-History:Jefferson County was formed in 1811...

4 George H. Dunn
George H. Dunn
George Hedford Dunn was a U.S. Representative from Indiana.Born in New York City, Dunn moved to Lawrenceburg, Indiana, in 1817.He studied law.He was admitted to the bar in 1822 and commenced practice in Lawrenceburg....

February 9, 1841 February 9, 1844 Whig Jefferson County, Indiana
Jefferson County, Indiana
Jefferson County is a county located in the U.S. state of Indiana. As of 2010, the population was 32,428. The county seat is Madison.-History:Jefferson County was formed in 1811...

5 Royal Mahem February 9, 1844 February 9, 1847 Democrat Lawrenceburg, Indiana
Lawrenceburg, Indiana
Lawrenceburg is a city in Dearborn County, Indiana, United States. The population was 5,042 at the 2010 census. The city is the county seat of Dearborn County...

6 Samuel Hannah February 9, 1847 February 9, 1850 Whig Shelby County, Indiana
Shelby County, Indiana
As of the census of 2000, there were 43,445 people, 16,561 households, and 12,056 families residing in the county. The population density was 105 people per square mile . There were 17,633 housing units at an average density of 43 per square mile...

7 James P. Drake February 9, 1850 February 9, 1853 Democrat Indianapolis, Indiana
Indianapolis
Indianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...

8 Elijah Newland February 9, 1853 February 9, 1855 Democrat Washington County, Indiana
Washington County, Indiana
Washington County is a county located in the U.S. state of Indiana. As of 2010, the population was 28,262. The county seat is Salem.Washington County is part of the Louisville/Jefferson County, KY–IN Metropolitan Statistical Area.-Early settlers:...

9 William R. Nofsinger February 9, 1855 February 9, 1857 Republican Parke County, Indiana
Parke County, Indiana
Parke County is a county in the western part of the U.S. state of Indiana. It was formed in 1821 out of a portion of Vigo County. The county seat is Rockville....

10 Aquilla Jones February 9, 1857 February 9, 1859 Democrat Columbus, Indiana
Columbus, Indiana
Columbus is a city in and the county seat of Bartholomew County, Indiana, United States. The population was 44,061 at the 2010 census, and the current mayor is Fred Armstrong. Located approximately 40 miles south of Indianapolis, on the east fork of the White River, it is the state's 20th largest...

11 Nathaniel G. Cunningham February 9, 1859 February 9, 1861 Democrat Vigo County, Indiana
Vigo County, Indiana
Vigo County is a county located along the western border of the U.S. state of Indiana. Vigo County is included in the Terre Haute, Indiana, Metropolitan Statistical Area. The county seat is Terre Haute....

12 Jonathan S. Harvey February 9, 1861 February 9, 1863 Republican Jeffersonville, Indiana
Jeffersonville, Indiana
Jeffersonville is a city in Clark County, Indiana, along the Ohio River. Locally, the city is often referred to by the abbreviated name Jeff. It is directly across the Ohio River to the north of Louisville, Kentucky along I-65. The population was 44,953 at the 2010 census...

13 Matthew L. Brett February 9, 1863 February 9, 1865 Democrat Daviess County, Indiana
Daviess County, Indiana
Daviess County is a county located in the U.S. state of Indiana. As of 2010, the population was 31,648. The county seat is Washington. Daviess County switched to the Central Time Zone on April 2, 2006. It has returned to the Eastern Time Zone as of November 4, 2007.- History :Daviess County was...

14 John I. Morris February 9, 1865 February 9, 1867 Republican Salem, Indiana
Salem, Indiana
Salem is a city in Washington Township, Washington County, Indiana, United States. Salem serves as the county seat, and its downtown area is on the National Register of Historic Places...

15 Nathan Kimball February 9, 1867 February 9, 1871 Republican Loogootee, Indiana
Loogootee, Indiana
-Demographics:As of the census of 2000, there were 2,741 people, 1,226 households, and 712 families residing in the city. The population density was 1,750.5 people per square mile . There were 1,337 housing units at an average density of 853.8 per square mile...

16 James B. Ryan February 9, 1871 February 9, 1873 Democratic Indianapolis, Indiana
Indianapolis
Indianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...

17 John B. Glover February 9, 1873 February 9, 1875 Republican Bedford, Indiana
Bedford, Indiana
As of the census of 2000, there were 13,768 people, 6,054 households, and 3,644 families residing in the city. The population density was 1,157.1 people per square mile . There were 6,618 housing units at an average density of 556.2 per square mile...

18 Benjamin C. Shaw February 9, 1875 February 9, 1879 Democrat Indianapolis, Indiana
Indianapolis
Indianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...

19 William Fleming February 9, 1879 February 5, 1881 Democrat Fort Wayne, Indiana
Fort Wayne, Indiana
Fort Wayne is a city in the US state of Indiana and the county seat of Allen County. The population was 253,691 at the 2010 Census making it the 74th largest city in the United States and the second largest in Indiana...

20 Roswell S. Hill February 5, 1881 February 9, 1883 Republican Brazil, Indiana
Brazil, Indiana
Brazil is a city in Clay County, Indiana, United States. The population was 7,912 at the 2010 census. The city is the county seat of Clay County. It is part of the Terre Haute Metropolitan Statistical Area...

21 John J. Cooper February 9, 1883 February 9, 1887 Democrat Indianapolis, Indiana
Indianapolis
Indianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...

22 Julius A. Lemcke February 9, 1887 February 9, 1891 Republican Evansville, Indiana
Evansville, Indiana
Evansville is the third-largest city in the U.S. state of Indiana and the largest city in Southern Indiana. As of the 2010 census, the city had a total population of 117,429. It is the county seat of Vanderburgh County and the regional hub for both Southwestern Indiana and the...

23 Albert Gail February 9, 1891 February 9, 1895 Democrat Indianapolis, Indiana
Indianapolis
Indianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...

24 Frederick J. Scholz February 9, 1895 February 10, 1899 Republican Evansville, Indiana
Evansville, Indiana
Evansville is the third-largest city in the U.S. state of Indiana and the largest city in Southern Indiana. As of the 2010 census, the city had a total population of 117,429. It is the county seat of Vanderburgh County and the regional hub for both Southwestern Indiana and the...

25 Leopold Levy February 10, 1899 February 9, 1903 Republican Indianapolis, Indiana
Indianapolis
Indianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...

26 Nathaniel U. Hill February 9, 1903 February 10, 1907 Republican Bloomington, Indiana
Bloomington, Indiana
Bloomington is a city in and the county seat of Monroe County in the southern region of the U.S. state of Indiana. The population was 80,405 at the 2010 census....

27 Oscar C. Hadley February 10, 1907 February 9, 1911 Republican Plainfield, Indiana
Plainfield, Indiana
As of the census of 2000, there were 18,396 people, 7,051 households, and 4,914 families residing in the town. The population density was 1,023.1 people per square mile . There were 7,449 housing units at an average density of 414.3 per square mile...

28 William H. Vollmer February 10, 1911 February 10, 1915 Democrat Vincennes, Indiana
Vincennes, Indiana
Vincennes is a city in and the county seat of Knox County, Indiana, United States. It is located on the Wabash River in the southwestern part of the state. The population was 18,701 at the 2000 census...

29 George A. Bittler February 10, 1915 February 10, 1917 Democrat Fort Wayne, Indiana
Fort Wayne, Indiana
Fort Wayne is a city in the US state of Indiana and the county seat of Allen County. The population was 253,691 at the 2010 Census making it the 74th largest city in the United States and the second largest in Indiana...

30 Uz McMurtie February 10, 1917 February 10, 1921 Republican Marion, Indiana
Marion, Indiana
Marion is a city in Grant County, Indiana, United States. The population was 29,948 as of the 2010 census. The city is the county seat of Grant County...

31 Ora J. Davies February 10, 1921 February 10, 1925 Republican Kokomo, Indiana
Kokomo, Indiana
Kokomo is a city in and the county seat of Howard County, Indiana, United States, Indiana's 13th largest city. It is the principal city of the Kokomo, Indiana Metropolitan Statistical Area, which includes all of Howard and Tipton counties....

32 Bernhardt H. Urbahns February 10, 1925 January 22, 1926 Republican Indianapolis, Indiana
Indianapolis
Indianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...

33 Grace Urbahns January 22, 1926 February 10, 1931 Republican Indianapolis, Indiana
Indianapolis
Indianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...

34 William Storen February 10, 1931 February 10, 1935 Democrat Scottsburg, Indiana
Scottsburg, Indiana
Scottsburg is a city in Vienna Township, Scott County, Indiana, United States, about north of Louisville, Kentucky. The population was 6,747 at the 2010 census. The city is the county seat of Scott County. As of 2010, William H...

35 Peter Hein February 10, 1935 February 10, 1939 Democrat Crown Point, Indiana
Crown Point, Indiana
As of the census of 2010, there were 27,317 people and 10,976 households in the city. The racial makeup of the city was 88.20% White, 6.30% African American, 0.20% Native American, 1.80% Asian, 0.00% Pacific Islander, 1.90% from other races, and 1.60% from two or more races...

36 Joseph M. Robertson February 10, 1939 February 10, 1941 Democrat Brownstown, Indiana
Brownstown, Indiana
Brownstown is a town in Brownstown Township, Jackson County, Indiana, United States. The population was 3,000 at the 2000 census. The city is the county seat of Jackson County. It was named for Jacob Brown, a General of the War of 1812.- History :...

37 James M. Givens February 10, 1941 February 10, 1945 Republican Porter, Indiana
Porter, Indiana
Porter is a town in Westchester Township, Porter County, Indiana, United States. The population was 4,972 at the 2000 census.Porter is noted for its proximity to the Indiana Dunes State Park and for its railroad heritage...

38 Frank T. Millis February 10, 1945 February 10, 1949 Republican Campbellsburg, Indiana
Campbellsburg, Indiana
Campbellsburg is a town in Brown Township, Washington County, Indiana, United States. The population was 578 at the 2000 census. It was named for Robert Campbell, who laid out the streets in 1851.-Geography:...

39 F. Shirley Wilcox February 10, 1949 February 10, 1951 Democrat New Albany, Indiana
New Albany, Indiana
New Albany is a city in Floyd County, Indiana, United States, situated along the Ohio River opposite Louisville, Kentucky. In 1900, 20,628 people lived in New Albany; in 1910, 20,629; in 1920, 22,992; and in 1940, 25,414. The population was 36,372 at the 2010 census. The city is the county seat of...

40 William L. Fortune February 10, 1951 February 10, 1953 Republican Carmel, Indiana
Carmel, Indiana
Carmel is a city in Hamilton County, Indiana, United States located immediately north of Indianapolis, Indiana. The population was 79,191 at the 2010 census, and is one of the most affluent communities in the Midwest....

42 John Peters February 10, 1953 February 10, 1957 Republican New Albany, Indiana
New Albany, Indiana
New Albany is a city in Floyd County, Indiana, United States, situated along the Ohio River opposite Louisville, Kentucky. In 1900, 20,628 people lived in New Albany; in 1910, 20,629; in 1920, 22,992; and in 1940, 25,414. The population was 36,372 at the 2010 census. The city is the county seat of...

43 Adolph L. Fossler February 10, 1957 February 10, 1959 Republican Indianapolis, Indiana
Indianapolis
Indianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...

44 Jack A. Haymaker February 10, 1959 February 10, 1961 Democrat Logansport, Indiana
Logansport, Indiana
Logansport is a city in and the county seat of Cass County, Indiana, United States. The population was 18,396 at the 2010 census. Logansport is located in northern Indiana, at the junction of the Wabash and Eel rivers, northeast of Lafayette.-History:...

45 Robert E. Hughes February 10, 1961 February 10, 1963 Republican Greenwood, Indiana
Greenwood, Indiana
-Demographics:As of the census of 2000, there were 36,037 people, 14,931 households, and 9,600 families residing in the city. The population density was 2,524.8 people per square mile . There were 16,042 housing units at an average density of 1,123.9 per square mile...

46 Jack L. New February 10, 1965 February 10, 1967 Democratic Greenwood, Indiana
Greenwood, Indiana
-Demographics:As of the census of 2000, there were 36,037 people, 14,931 households, and 9,600 families residing in the city. The population density was 2,524.8 people per square mile . There were 16,042 housing units at an average density of 1,123.9 per square mile...

47 John Snyder February 10, 1967 February 10, 1971 Republican Washington, Indiana
Washington, Indiana
Washington is a city in Daviess County, Indiana, United States. The population was 11,509 at the 2010 census. The city is the county seat of Daviess County.-History:...

48 Jack L. New February 10, 1971 February 10, 1979 Democratic Greenfield, Indiana
Greenfield, Indiana
-Demographics:As of the census of 2000, there were 14,600 people, 5,917 households, and 4,017 families residing in the city. The population density was 1,818.0 people per square mile . There were 6,449 housing units at an average density of 803.0 per square mile...

49 Julian Ridlen February 10, 1979 February 10, 1987 Republican Logansport, Indiana
Logansport, Indiana
Logansport is a city in and the county seat of Cass County, Indiana, United States. The population was 18,396 at the 2010 census. Logansport is located in northern Indiana, at the junction of the Wabash and Eel rivers, northeast of Lafayette.-History:...

50 Majorie H. O’Laughlin February 10, 1987 February 10, 1995 Republican Indianapolis, Indiana
Indianapolis
Indianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...

51 Joyce Brinkman February 10, 1995 February 10, 1999 Republican Indianapolis, Indiana
Indianapolis
Indianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...

52 Tim Berry February 10, 1999 February 10, 2007 Republican Indianapolis, Indiana
Indianapolis
Indianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...

53 Richard Mourdock
Richard Mourdock
-External links:********...

February 10, 2007 Incumbent Republican Evansville, Indiana
Evansville, Indiana
Evansville is the third-largest city in the U.S. state of Indiana and the largest city in Southern Indiana. As of the 2010 census, the city had a total population of 117,429. It is the county seat of Vanderburgh County and the regional hub for both Southwestern Indiana and the...

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