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

May 2019 IMET Monthly Newsletter
May 08, 2019

Download the May 2019 IMET Monthly Newsletter

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Fed Holds Rates Steady, Citing Lack of Inflation
May 02, 2019

Federal Reserve officials voted to hold interest rates steady Wednesday, as a lack of inflation pressure outweighed an economy that otherwise is growing strongly.

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States Pursue Their Own Broker Conduct Rules
April 19, 2019

WASHINGTON—Several states are rolling out stricter standards for investment-broker conduct, bucking industry warnings about an unwieldy patchwork of rules around the country.

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Putting Libor Out of its Misery Easier Said than Done
April 17, 2019

Weaning off the scandal-plagued Libor benchmark is a gigantic problem for global rates markets, one that increasingly looks too burdensome for a single replacement to handle in the U.S.

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