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State Treasurer of Missouri

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State Treasurer of Missouri
Incumbent
Vivek Malek
since January 17, 2023
TypeState Treasurer
Term length
Four years, renewable once
Formation1820
First holderJohn Peter Didier
WebsiteMissouri State Treasurer's Website

The State Treasurer of Missouri is a statewide elected official responsible for serving as Missouri's chief financial officer. Vivek Malek has served as State Treasurer since January, 2023.

Prior to Malek's appointment, the most recent state treasurer Scott Fitzpatrick resigned following his election as State Auditor of Missouri in 2022. Fitzpatrick was appointed in January 2019 following the resignation of the previous incumbent Eric Schmitt in order to accept appointment as Attorney General of Missouri. State Treasurers are limited to two terms in office, and along with the Governor, is the only other statewide elected office in Missouri that is subject to term limits. Schmitt was elected as State Treasurer after Clint Zweifel was ineligible to seek reelection in the 2016 election, having been elected to two terms in the 2008 and 2012 elections, and announced that he would not run for any other political office that year.[1] The most recent scheduled election for State Treasurer occurred in 2020 in which Scott Fitzpatrick was elected to a full term. Following Fitzpatrick's 2022 election as State Auditor of Missouri, his successor as State Treasurer, Vivek Malek was appointed by Governor Mike Parson, and assumed office on January 17, 2023.

Duties of the state treasurer

The state treasurer is responsible for managing more than $24 billion in annual revenues and more than $3.6 billion in state investments.[2] Additionally, the state treasurer works to return nearly $700 million in unclaimed property to more than 4.3 million account owners.[3] The state treasurer also helps oversee MOST - Missouri's 529 College Savings Plan, which helps families start building a college fund.[3]

As banking director for the state government, the state treasurer is responsible for authorizing disbursement of state funds, balancing the state accounts, contracting with private banks to process state receipts and disbursements, manage money and security transfers, and reporting on the state's financial activities.[3] The state treasurer partners with Missouri banks to make low-interest loans to small businesses and farms through Missouri FIRST.[3]

The state treasurer represents taxpayers by serving on the governing boards of the Missouri Housing Development Commission, the Missouri State Employees' Retirement System, the state Board of Fund Commissioners, and the Missouri Cultural Trust Board.[3]

List of state treasurers

# Name Party Term
1 John Peter Didier Independent 1820–1821
2 Nathaniel Simonds Democratic-Republican 1821–1829
3 James Earickson Democrat 1829–1833
4 John Walker Democrat 1833–1838
5 Abraham McClellan Democrat 1838–1843
6 Peter Garland Glover Democrat 1843–1851
7 Alfred William Morrison Democrat 1851–1861
8 George Caleb Bingham Democrat 1862–1865
9 William Bishop Republican 1865–1869
10 William Q. Dallmeyer Republican 1869–1871
11 Samuel Hays Republican 1871–1873
12 Harvey Wallis Salmon Democrat 1873–1875
13 Joseph Wayne Mercer Democrat 1875–1877
14 Elijah Gates Democrat 1877–1881
15 Phillip Edward Chappell Democrat 1881–1885
16 James M. Seibert Democrat 1885–1889
17 Edward T. Noland Democrat 1889–1890
18 Lawrence Vest Stephens Democrat 1890–1897
19 Frank L. Pitts Democrat 1897–1901
20 Robert P. Williams Democrat 1901–1905
21 Jacob F. Gmelich Republican 1905–1909
22 James Cowgill Democrat 1909–1913
23 Edwin P. Deal Democrat 1913–1917
24 George H. Middelkamp Democrat 1917–1921
25 Lorenzo Dow Thompson Republican 1921–1925
26 C. Eugene Stephens Republican 1925–1929
27 Larry Brunk Republican 1929–1933
28 Richard R. Nacy Democrat 1933–1937
29 Robert W. Winn Democrat 1937–1941
30 Wilson Bell Democrat 1941–1945
31 Robert W. Winn Democrat 1945–1948
32 Richard R. Nacy Democrat 1948–1949
33 Mount Etna Morris Democrat 1949–1953
34 George Hubert Bates Democrat 1953–1957
35 Mount Etna Morris Democrat 1957–1961
36 Milton Carpenter Democrat 1961–1965
37 Mount Etna Morris Democrat 1965–1969
38 William Edmond Robinson Democrat 1969–1973
39 Jim Spainhower Democrat 1973–1981
40 Mel Carnahan Democrat 1981–1985
41 Wendell Bailey Republican 1985–1993
42 Bob Holden Democrat 1993–2001
43 Nancy Farmer Democrat 2001–2005
44 Sarah Steelman Republican 2005–2009
45 Clint Zweifel Democrat 2009–2017
46 Eric Schmitt Republican 2017–2019
47 Scott Fitzpatrick Republican 2019–2023
48 Vivek Malek Republican 2023–present

References

  1. ^ "Missouri Treasurer Zweifel won't run for office". The Rolla Daily News. Associated Press. 2014-11-19. Retrieved 2018-04-10.
  2. ^ "Office Investments". Missouri State Treasurer's Office. Retrieved 2018-04-10.
  3. ^ a b c d e "About The Office". Missouri State Treasurer's Office. Retrieved 2018-04-10.
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