The Illinois Metropolitan Investment Fund (IMET) is a local government investment pool. IMET offers two investment funds for finance officers, treasurers, and other official custodians of municipal funds, and other public agency monies in the State of Illinois. These funds are the IMET Core Fund and the IMET Convenience Fund. IMET also offers a bond and lease DashBoard, arbitrage rebate calculation services for participants whose bond proceeds are subject to federal arbitrage restrictions and cash flow projection modeling.
Created in 1996, under the Intergovernmental Cooperation Act and the Illinois Municipal Code, IMET was formed to provide Illinois government agencies with safe, liquid, attractive alternatives for investing. IMET offers participants two separate vehicles to meet their investment needs.
The IMET Core Fund is designed for public funds that may be invested for longer than one year. The Core Fund carries the highest rating available (AAAf/bf) from Moody's for such funds.
The IMET Convenience Fund (CVF) is designed to accommodate funds requiring high liquidity, including short term cash management programs and temporary investment of bond proceeds. It is comprised of collateralized and FHLB LoC backed bank deposits, FDIC insured certificates of deposit and US government securities.
IMET Comprehensive Annual Financial Reports
In this month's monthly newsletter, you will be introduced to IMETs new Associate Director, see the upcoming events IMET will be participating in, review the latest economic update, and view the performance report for May 2022.Read more
We are excited to introduce Ethan Lord, our new Associate Director, who will be working out of Edwardsville.Read more