Programs Under Investments Division
Secure, yield-focused investment solutions for California’s public agencies—backed by the Treasury’s expertise.
Pooled Money Investment Account (PMIA)
Through the PMIA, the State Treasurer invests taxpayers’ money to manage the State’s cash flow and strengthen the financial security of local governmental entities.
Time Deposit Program
The program allows the State Treasurer to place deposits with eligible California financial institutions.
Local Agency Investment Fund (LAIF)
This program offers local agencies the opportunity to participate in a major portfolio, which invests hundreds of millions of dollars, using the investment expertise of..
Pooled Money Investment Account
Through the Pooled Money Investment Account (PMIA), the State Treasurer invests taxpayers’ money to manage the State’s cash flow and strengthen the financial security of local governmental entities. PMIA policy sets as primary investment objectives safety, liquidity and yield.
Time Deposit Program
Time Deposit Program Resources as of 02/28/2025
| Institution Size | # of Institutions | Total Deposits |
|---|---|---|
| Total Assets | % of TD Program | % of TD Program |
| < $5 billion | 63.0% | 32.0% |
| $5-10 billion | 18.5% | 30.2% |
| $10-20 billion | 7.4% | 7.6% |
| $20-50 billion | 9.2% | 24.5% |
| > $50 billion | 9.2% | 5.7% |
Local Agency Investment Fund
This program offers local agencies the opportunity to participate in a major portfolio, which invests hundreds of millions of dollars, using the investment expertise of the State Treasurer's Office investment staff at no additional cost to the taxpayer.
