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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 Authorized Securities PMIA Statutes Board Members

Contact Information

Bill Dowell
Director of Investments

Pam Milliron
Assistant Director of Investments
(916) 653-3147

State Treasurer's Office
Pooled Money Investment Account
915 Capitol Mall, Room 106
Sacramento, CA 95814

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

Additional Investment Information

Local Agency Investment Fund

LAIF logo

 

Time Deposit Program

Time Deposit Program logo

 

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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 - 5/31/17
Total: $72.4 Billion
(chart dollars in millions)

Pie chart showing PMIA portfolio composition

Line chart showing average monthly yield comparison