Oregon Treasury helps governments across the state, including schools
and cities and counties, to stretch taxpayer dollars and keep public
Between the time that revenue is received and when the money is
needed to pay expenses, governments can deposit money and earn
a rate of return, using the Treasury-managed Local Government
Investment Pool (LGIP).
The LGIP is an open-ended, no-load diversified portfolio made
up of short-term fixed income securities, and offered to
eligible participants. Those include any municipality, political
subdivision or public corporation of this state that by law is
made the custodian of, or has control of, any public funds.
Sovereign Tribes are eligible to participate.
The pool is commingled with state funds in the Oregon Short
Current rate: The rate paid for deposits is determined by the
current yield earned on investments held in the fund combined
with current market conditions for U.S. dollar–denominated
high-quality, short-term fixed income securities. Under Oregon
Investment Council policy, the fund does not have any exposure
to stocks or equity markets. See the current rate here.
Secure account access: Treasury has hired PFM Asset Management
LLC to provide administrative and operational support - including
a web-based account management system called EON.
Audit Confirmation Requests
Auditors needing confirmation of account balances must make requests in writing to PFM Client Services. Requests must include or be accompanied by a release signed by a participant’s authorized contact (the contact must be registered in the records of the pool and have permission to view/access pool account information). Requests/releases can be submitted through EON, faxed to (888) 535-0120, or mailed to:
PO Box 11760
Harrisburg, PA 17108-1760
For help with submitting an audit
confirmation request, contact PFM
For Information on:
PFM Client Services
7:00am - 4:00pm Pacific
For Information on:
Service Provider Issues