Become An Approved Depository

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Overview

The Treasurer’s Office is in charge of investing state and local taxpayer dollars. Through the Link Deposit and Access to Capital Programs, the Treasurer’s Office deposits funds via time deposits (amounts over the FDIC limit will require collateral) in approved state depositories (banks, credit unions, and savings and loan institutions statewide).

 

To participate in the Linked Deposit and Access to Capital Programs and become an approved state depository, you must complete all appropriate documentation and forms listed below. In addition, note that a safety and soundness review of your institutions will be conducted by our office. 

 

If you have any questions, please contact the Banking Division Time Deposit Section at 866-458-7327.  A representative of the Treasurer's Office will contact you once your application has been received and reviewed.

 

After you become an approved state depository, you may participate in the Treasurer’s Linked Deposits and Access to Capital programs.  A program manager will contact you to review the current programs available.

 

For your convenience the interest rates for these programs are updated on a daily basis on our website. Click here to access the daily rates.  In addition, information on the State Investment Portfolio is updated online every month.

 

Downloadable Forms for Applicants/Financial Institutions

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