We've refreshed IMET's Brand Image! Learn more...

About Us

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.

Welcome

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 Moody's rating Aaf/bf 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 Annual Comprehensive Financial Reports

View our most recent Comprehensive Annual Financial Reports below or view a full list here.

Recent News

Spring 2025 Overview and Future Outlook
May 30, 2025

This article provides an overview of economic conditions in Spring 2025, including the impact of tariffs, interest rate expectations, inflation trends, and the outlook moving forward.

Spring 2025 Overview and Future Outlook

Read more
IMET MAY 2025 Monthly Newsletter
May 19, 2025

Click on the link below to read the latest IMET Monthly Newsletter:

IMET May 2025 Monthly Newsletter

Read more
IMET APRIL 2025 Monthly Newsletter
April 15, 2025

Click on the link below to read the latest IMET Monthly Newsletter:

IMET April 2025 Monthly Newsletter

Read more
Tariffs, the Federal Reserve, and What It Means for Local Governments
April 04, 2025

The article discusses recent U.S. tariffs on imports from China, Canada, and Mexico, and how these trade measures may impact local governments by affecting investment returns, project budgeting, and procurement strategies due to rising costs.

Tariffs, the Federal Reserve, and What It Means for Local Governments

Read more
View All News