Government finance officers work to keep monies for local governments, schools, police departments, public hospitals, roads, public utilities, and other public entities safe.

This work does not come without challenges.

With ICS®, the Insured Cash Sweep® service, and CDARS®, public entities can access multi-million-dollar FDIC insurance, earn a return, and manage liquidity needs―all while supporting their local communities.1

 

THERE'S SAFETY IN NUMBERS

Laws Enabling Insured Cash Sweep and CDARS US Map Graphic DOWNLOAD
ICS SALES SHEET
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CDARS SALES SHEET

[1] When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the Promontory Network, a bank can use the full amount of a deposit placed through ICS or CDARS for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositors’ consent, and if authorized under state law, a bank may choose to receive fee income instead of deposits from the banks. Under these circumstances, deposited funds would not be available for local lending.