Prime-style local government investment pool 

Enhanced cash local government investment pool 

Current and historical rate information

How much could you have earned with California CLASS Prime? 

A comprehensive introduction to the different California CLASS portfolios 
Get to know our diverse and experienced public finance officials who oversee the program
Our administrator, auditor, custodian, and legal counsel
Enrollment documents, prospectuses, and financials 
Updates, newsletters, and special reports
Upcoming Board meetings, holidays, events, and conferences
Answers to commonly asked questions about California CLASS
Assistance with your accounts and answers to your California CLASS questions
Contact our investment professionals who can provide you with information about the program 

Getting started is easy; join today and start earning tomorrow!

California Special Districts Association 
League of California Cities 

The Federal Reserve

Understanding the Role of the Federal Reserve: A Comprehensive Overview

The Federal Reserve, often referred to as “The Fed,” has emerged as a central figure in the economic narrative of the United States. From its pivotal role in stabilizing interest rates during the Great Financial Crisis to its more recent and determined stance against inflation, the Fed’s actions have significantly impacted both the financial markets and the everyday life of the American public.

Understanding the role of the Fed and its impact on interest rates is a useful tool for decision-making whether for a municipality, corporation, or individual. Following the Fed’s actions can provide critical information in terms of where rates are and where they may be headed. Smarter analyses can lead to greater opportunities to invest safely and wisely and can reduce interest outlays for financing projects.

To learn more about the Federal Reserve’s functions, tools, and strategies to maintain price stability and maximize employment, download the newest whitepaper The Federal Reserve – What is it & How Does it Work authored by the Senior Director of Investment Services, Laura Glenn, CFA®, at Public Trust Advisors, LLC (California CLASS Administrator and Investment Advisor).

The Federal Reserve: What is it What it is and How it Works

This field is for validation purposes and should be left unchanged.


Written By:
Laura Glenn, CFA®

Senior Director, Investment Services
Public Trust Advisors, LLC

All comments and discussion presented are purely based on opinion and assumptions, not fact. These assumptions may or may not be correct based on foreseen and unforeseen events. Any financial and/or investment decision should be made only after considerable research, consideration, and involvement with an experienced professional engaged for the specific purpose. The information presented should not be used in making any investment decisions. California CLASS is not a bank. An investment with California CLASS is not insured by the Federal Deposit Insurance Corporation or any other government agency. This material is not a recommendation to buy, sell, implement, or change any securities or investment strategy, function, or process. Past performance is not an indication of future performance. Any financial and/or investment decision may incur losses.