The Treasurer’s Office is in charge of investing state and local taxpayer dollars. Through the Community Development Link Deposit, the Treasurer’s Office deposits funds via time deposits (amounts over the FDIC limit will require collateral) in Approved Program Depositories (banks, credit unions, and savings and loan institutions statewide).
To participate in the Community Development Linked Deposit and become an Approved Program 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.
Financial Institution aggregate total less than $250,000.
Complete the following documentation:
Download Adobe Reader which is required to view (PDF) files.
If you have any questions, please contact the State Investments and 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.
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.