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

Market Overview and IMET Performance (Winter 2026)
March 06, 2026

The Winter 2026 Market Overview highlights inflation moving closer to the Fed’s 2.00% goal. It also explains why the Fed has held rates at 3.50% to 3.75%, what markets are watching at the March meeting, and how elevated Treasury yields have supported competitive IMET fund rates.

Market Overview and IMET Performance (Winter 2026)

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IMET Participant Spotlight: City of Rolling Meadows
March 03, 2026

In this edition of the IMET Participant Spotlight, we feature the City of Rolling Meadows. We cover how the City uses IMET to support major project funding, maintain liquidity during property tax delays, and invest bond proceeds for local improvements.

IMET PARTICIPANT SPOTLIGHT HIGHLIGHTS: City of Rolling Meadows

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IMET FEBRUARY 2026 Monthly Newsletter
February 18, 2026

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

IMET February 2026 - Monthly Newsletter

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IMET Participant Spotlight: Champaign County
February 11, 2026

In this edition of the IMET Participant Spotlight, we feature Champaign County highlighting how the County has grown its IMET balances since joining in 2024 by using both the Convenience Fund and Core Fund to support short term liquidity needs while planning for long term goals.

IMET PARTICIPANT SPOTLIGHT HIGHLIGHTS: Champaign County

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