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Collateral ensures adequate protection of state money deposited by agencies in local banks, the state’s fiscal agent account, and ancillary receivership deposits. The State Treasurer’s Collateral Section reviews, tracks, and reconciles collateral pledged by financial institutions to secure public deposits. Both proposed and current pledged collateral are continuously evaluated for compliance with all applicable statutes, policies, and depository and custodial agreements; pledged securities are monitored to assure that acceptable, valid, and marketable instruments secure public funds at all times; risk assessment reports are analyzed to determine data accuracy, the institution’s financial condition, and the percentage of collateral required; and custodial banks are monitored to evaluate their legal acceptability.
For assistance with any of the attached forms, please contact Arsenio Garduno at 505-955-1155.
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