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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.

 

Program Description Approved Investments Investment Policy PMIA Statutes Board Members

Contact Information

Jeff Wurm
Director of Investments
(916) 653-3147

Kim McCorstin
Assistant Director of Investments
(916) 653-3147

State Treasurer's Office
Pooled Money Investment Account
901 P Street, Room 213B
Sacramento, CA 95814

P.O. Box 942809
Sacramento, CA 94209-0001

Additional Investment Information

Local Agency Investment Fund

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Time Deposit Program

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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. The PMIA has three primary sources of funds: the State general fund; special funds held by State agencies; and moneys deposited by cities, counties and other entities into the Local Agency Investment Fund (LAIF).

Market Value of PMIA Funds*

Line chart comparing market value of PMIA funds with BV
*as of dates indicated

PMIA Portfolio Composition - 01/31/2024
Total: $165.8 Billion
(chart dollars in millions)

 

Pie chart showing PMIA portfolio compositionLine chart showing average monthly yield comparison