Oregon Short Term Fund Board

State agencies, cities, counties, and other public entities across Oregon have the option to invest in the Oregon Short Term Fund (OSTF) or the Local Government Investment Pool (LGIP) to keep their funds safe while earning a modest return.

Most of these entities receive the majority of their revenue once a year, when property tax payments are received, but bills come due throughout the year. They can choose to place funds in the OSTF or LGIP until the funds are needed, and by doing so they put their money to work earning investment returns. At the same time, money in the fund can be withdrawn at any time, which in the financial world is called "full liquidity".

OSTF investment decisions are made by financial professionals at the State Treasury, under the direction of the seven-member OSTF Board. Despite the recent market turbulence, OSTF has continued to provide investment returns that beat those of many US Treasury Bonds and other short-term, very low-risk market alternatives. At the end of 2008, more than 1,100 local government entities took advantage of the fund.

The OSTF board meets regularly, and meetings are open to the public.

OSTF Financial Statements:

Other OSTF Reports:

TCD Program