Oregon Oregon State Treasury

Rule Rule 170-040-0070
Approval for a Depository to Hold Excess Public Funds


The Office of the State Treasurer may approve the request of a depository to hold public funds in excess of the limits provided in ORS 295.048 (Limitations on aggregate uninsured public funds deposits)(1)(a) through (c), only if:

(1)

The depository deposits collateral valued at 100% of the amount of such excess public funds deposits; and

(2)

The depository demonstrates to the satisfaction of the State Treasurer that allowing such excess deposits provides benefits to one or more depositors, does not jeopardize public funds, and that the depository has a plan for the orderly elimination of such excess deposits within 90 days.
Source

Last accessed
Jun. 8, 2021