The State Treasurer combines all State funds for banking and investment purposes. This creates efficiencies and economies of scale that decrease administration costs. The State Treasurer manages the "Pooled Money Fund" with these objectives:
- Safety. The safety of State money is the Treasurer's highest priority.
- Liquidity. Adequate liquidity is maintained in the investment portfolio in order to meet all anticipated cash needs.
- Yield. The investment portfolio is managed in order to achieve a market-average rate of return throughout budgetary and economic cycles, taking into account the investment risk constraints and liquidity needs.
The State Treasurer invests the pool according to the Investment Policy for the Pooled Money Fund (PDF).
| Agencies | Invest in Iowa CDs | Asset Backed Securities | Agency Discount Notes | Treasuries | Repo's | B.A.'s | Mutual Funds | Commercial Paper | Israel Bonds | TOTAL |
|---|---|---|---|---|---|---|---|---|---|---|
| 27.52% | 2.32% | 0.00% | 28.27% | 3.26% | 0.00% | 0.00% | 38.52% | 0.00% | 0.11% | 100.00% |
| (1-29 Days) | (30-180 Days) | (181-364 Days) | (1-2 Yrs.) | (2-3 Yrs.) | (3-4 Yrs.) | (4-5 Yrs.) | (Over 5 years) | Total |
|---|---|---|---|---|---|---|---|---|
| 5.88% | 68.52% | 10.30% | 6.20% | 3.97% | 2.59% | 2.54% | 0.00% | 100.00% |
| Fiscal Year | Amount |
|---|---|
| 2014 | $3,655,779,504 |
| 2015 | $3,254,470,443 |
| 2016 | $2,934,853,238 |
| 2017 | $2,514,696,590 |
| 2018 | $2,562,751,143 |
| 2019 | $2,771,797,484 |
| 2020 | $3,430,611,365 |
| 2021 | $4,245,876,029 |
| 2022 | $5,926,207,127 |
| 2023 | $8,667,695,184 |
