Click to return to BOL home page
Banker Store Read A Reg BOL Insiders Career Connect Learning Connect Bankers Information Network

   

















    Site Map

    Our Sponsors

    Home













Compliance Gurus
Lending Gurus
Security Gurus
Marketing Gurus
Technology Gurus
eBanking Gurus

Print Friendly! Email This Article! Discuss NOW!


Pledging Assets As Security For Deposits Of Public Funds
Answer by: Ken Golliher, BOL Guru
BIO AND CONTACT INFO

Question: According to the Banking Code of 1965, a bank is supposed to pledge assets as security for deposits of public funds. I cannot find a comprehensive list of what type/title of account is considered to be public funds.

Answer: Your statutory reference is to state law. Your state banking department is the final source on what they consider to be public funds. (Even if you are a national bank.) However, you might want to look at the instructions for the Report of Condition and Income to see what is classified as public funds there.

First published on BankersOnline.com 7/15/02







Home | Compliance | Lending | Operations | Security | Marketing | Technology | eBanking
BOL Archives    Privacy Policy    Important Disclaimer   Recommend This Site !   Contact Us


BankersOnline is a free service made possible by the generous support of our advertisers and sponsors. Advertisers and sponsors are not responsible for site content. Please help us keep BankersOnline FREE to all banking professionals. Support our advertisers and sponsors by clicking through to learn more about their products and services.