Access to Capital

Overview

A key objective of the Treasurer’s Office is to invest State capital in a manner that supports community development efforts while simultaneously meeting its primary investment objectives of safety, liquidity, and return on investment.

 

The Access to Capital Program enables the Treasurer's Office to place deposits in approved financial institutions throughout Illinois in the form of a time deposit maturing in 30 to 365 days or two years.  Deposits of these funds provide participating financial institutions (i.e. banks, credits unions, and savings and loan institutions) with added liquidity.  This provides financial institutions across the state with the added opportunity to administer important lending activities, which can be essential in supporting families, small businesses, and community development efforts.  Read the Access to Capital services overview sheet.

 

The Treasurer's Office provided $210 million in Access to Capital deposits to financial institutions across the State of Illinois over the last three years (FY 2015 – 2017).

 

Become an Approved Depository

To participate in the Access to Capital Program, institutions must apply to become an approved state depository with the Treasurer's Office.  For more information, please visit:

 

           •  Become an Approved Depository

 

Approved Depositories can also participate in the Treasurer's Linked Deposits Program.  Should you have any questions with this process, please contact the Treasurer's Time Deposit Section at (866) 458-7327 or AccessToCapital@illinoistreasurer.gov.

 

Access to Capital – Community Uplift Program

Treasurer Frerichs launched the Access to Capital Community Uplift Program in September 2017 to enable qualified financial institutions that operate in Illinois Enterprise Zones to access State capital at a lower rate.  This gives added financial resources to banks, credits unions, and savings and loan institutions in economically depressed areas of the state, which positions these institutions to increase lending activities and fund more local development efforts.  For more information on program eligibility, rates, and the application process, visit the Access to Capital Community Uplift Program webpage.

 

Daily Rates

Click here to access the daily rates for the Access to Capital and Linked Deposits programs.