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.
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
Time Deposit Program
Connect With Us
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*
*as of dates indicated
PMIA Portfolio Composition - 10/31/2024
Total: $155.9 Billion
(chart dollars in millions)
Performance Reports
Historical Rates
Reporting Documents
- Disclosure Statements
- Market Valuation
- Maturity Schedule
- Monthly Reports
- Quarterly Reports
- Annual Reports
- Independent Auditor's Report Excerpt from State Financial Report for the Fiscal Year Ending June 30, 2023
- Approved Investments
- Internal Borrowing Practices