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 1-3 Year Series and the IMET Convenience Series. IMET also offers arbitrage rebate calculation services for participants whose bond proceeds are subject to federal arbitrage restrictions and cash flow projection modeling.

Our Story

Created over 20 years ago, 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 1-3 Year Series is designed for public funds that may be invested for longer than one year. The 1-3 Year Funds carries the highest rating available (AAAf/bf) from Moody's for such funds.

The IMET Convenience Series (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

View Our Most recent CAFRs below, or view a full list here.

Recent News

GFOA Summarizes Provisions of Senate Stimulus Helpful to Local Governments
March 26, 2020

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March 2020 IMET Monthly Newsletter
March 26, 2020

March 2020 IMET Monthly Newsletter

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COVID-19 Update from IMET
March 23, 2020

COVID 19 Update from IMET

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IMET Board Decides to Host IMET Annual Meeting Via Telephone Conference Call
March 13, 2020

The IMET Board of Trustees has decided to hold this year's annual meeting by telephone conference call.

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