Local Agency Investment Fund

Procedures for LAIF Transactions

  • Office hours: Monday – Friday, 7:30 am to 4:00 pm
  • LAIF Online hours: Monday – Friday, 7:00 am to 7:00 pm
  • Prior to the transfer of funds, an authorized person must initiate a transaction with LAIF
  • Deposit transfers from your bank should be received on the effective date of the transaction
  • Same day transactions must be initiated by 10:00 am
  • Transactions received after 10:00 am will be scheduled for the next business day or up to 10 calendar days in advance
  • Please provide LAIF one day prior notice for withdrawals of $10 million or more
  • Minimum $5,000 transaction amount in increments of $1,000
  • Maximum 15 transactions (combination of deposits and withdrawals) per month

When calling in a transaction, the authorized official or trustee must call (916) 653-3001 and provide the following information:

Deposits Withdrawals
  • LAIF PIN Number
  • Name of Agency
  • Name of Caller
  • Transfer Date
  • Deposit Amount
  • Bank Name
  • LAIF PIN Number
  • Name of Agency
  • Name of Caller
  • Transfer Date
  • Withdrawal Amount
  • Bank Name and Account Number

Confirmation number will be provided after LAIF staff enters the transaction.

Confirmation number will be provided after LAIF staff enters the transaction.

After calling LAIF, agency needs (to instruct its bank) to transfer funds to one of the following LAIF depository banks.

Bank of America

Bank of the West

Citibank, N.A.

JPMorgan Chase

MUFG Union Bank

U.S. Bank

Wells Fargo Bank

Westamerica Bank

Transfer will be processed only through bank account(s) authorized by the agency in writing and currently on file with LAIF. The bank account(s) must be in the agency’s name.

LAIF participants should keep a record of the following: name of the LAIF staff who took the deposit or withdrawal, the date and the time phone call was made, the effective date of the transaction, the LAIF confirmation number and the name of the agency’s bank representative that executed the transfer.

Transactions may also be initiated online using the LAIF Online service.