The State Treasurer acts as one of a two-member commission which supervises the insuring of all public funds. Depositories of public funds must pledge 100 percent of the funds to secure them. These pledged securities are secured by a custodian bank for the State Treasurer and assures the public that there will be no loss of funds in the event of failure of the institution.
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Search Public Depository Liability Returns
The quarterly reports for the last four quarters are available to search by Quarter or by Depository.
These reports show the bank name, location, public deposits, time and savings accounts, municipal bonds, net loans, domestic deposits, total securities, letters of credit, surety bonds, adequacy of collateral, and maximum liability. Under the column of adequacy of collateral if that figure has parenthesis around it, it means that particular bank was under pledged for that quarter.