Around the World
This state's economy is larger than those of the United Kingdom, India, and France, making it an economic powerhouse that many public fund investors know well.
What is California?
This is the first and most important objective of public funds investing.
What is safety of principal?
This is the maximum maturity allowed for most fixed-income securities purchased under the California Government Code.
What is 5 years?
This 1946 Christmas classic contains a famous run on a community bank after depositors panic.
What is It's a Wonderful Life?
California's largest industry by economic output.
What is technology?
This country is the world's largest exporter of goods.
What is China?
This document establishes the rules, objectives, and permitted investments for a public agency's portfolio.
What is an investment policy?
This section of the California Government Code requires the treasurer or chief financial officer to submit an investment report to the legislative body at least quarterly.
What is California Government Code Section 53646?
This classic 1987 film features the famous phrase, "Greed, for lack of a better word, is good."
What is Wall Street?
This California crop consistently ranks among the state's highest-value agricultural commodities by annual farm-gate value.
What are almonds?
Known for automobiles, engineering, and exports, this European country has the largest economy in Europe.
What is Germany?
This process helps determine when funds will be needed for payroll, operations, debt service, and capital projects.
What is cash flow forecasting?
Effective January 1, 2026, Senate Bill 595 and Senate Bill 858 amended CGC Section 53601(h) to increase the maximum maturity for this asset class from 270 days up to 397 days or less.
What is Commercial Paper?
This comedy follows two traders who use frozen concentrated orange juice futures to outsmart corrupt investors.
What is Trading Places?
This California port, along with its neighboring port, handles about 40% of U.S. container imports.
What is the Port of Los Angeles? (Or the Ports of Los Angeles and Long Beach.)
This country has the world's fourth-largest economy and is known for companies such as Toyota, Sony, and Mitsubishi.
What is Japan?
A public agency with too much money in overnight investments may be sacrificing this investment objective.
What is yield (or return)?
Under California Government Code, these securities are limited to 30% of the portfolio, must be rated at least "A", and may not have a maturity exceeding five years.
What are Medium-Term Notes (MTNs)? or Corporate Bonds?
This 2015 film tells the story of investors who correctly predicted the collapse of the housing market before the 2008 financial crisis.
What is The Big Short?
This region of California is responsible for producing roughly one-quarter of the nation's food despite representing less than 1% of U.S. farmland.
What is the Central Valley?
As of recent years, this country is the world's largest producer of crude oil.
What is United States?
This practice reduces risk by spreading investments among different issuers, sectors, and maturity dates.
What is diversification?
Under the California Government Code, these two security types, when combined, are limited to 20% of the portfolio, must be rated AA or better, and may have maturities of five years or less.
What are Asset-Backed Securities (ABS) and Mortgage-Backed Securities (MBS)?
This movie follows a young entrepreneur who creates a technology company that becomes one of the world's most valuable businesses.
What is The Social Network?
This tax provides the largest single source of General Fund revenue for the State of California.
What is the personal income tax?