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 completed by 10:00 am
  • Transactions completed after 10:00 am will be effective the next business day
  • Transactions may be scheduled up to 10 calendar days in advance
  • Please provide LAIF one day prior notice for deposits and 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

LAIF Staff continue to work remotely, please contact LAIF’s Remote phone lines listed here: https://www.treasurer.ca.gov/pmia-laif/laif/index.asp

When calling in or using LAIF Online to initiate a transaction, the authorized official or trustee must provide the following information:

  Deposits Withdrawals

1

  • Know Your Bank Wire Limit
  • LAIF Participant Identification Number (PIN)
  • Name of Agency
  • Name of Caller
  • Transfer Date
  • Deposit Amount
  • Bank Name
  • LAIF Participant Identification Number (PIN)
  • Name of Agency
  • Name of Caller
  • Transfer Date
  • Withdrawal Amount
  • Bank Name and Account Number

2

A confirmation number will be provided after LAIF staff enters the transaction.

A confirmation number will be provided after LAIF staff enters the transaction.

3

Once you have your LAIF confirmation number (Telephone/LAIF Online) contact your agency bank to instruct the 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


Please note: Deposits 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.

Please Note: Withdrawals 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.

4

Keep a record of the transaction including:

  • Name of the LAIF staff who took the deposit or withdrawal;
  • Date and the time phone call was made;
  • Effective date of the transaction;
  • LAIF confirmation number; and
  • For deposits, the name of the agency’s bank representative that executed the transfer.
  • Or use our LAIF Transaction Record Form.