Public Fund Deposits

Across the United States, local and state governmental organizations use reciprocal deposit services to access multi-million-dollar FDIC insurance through a single bank relationship. In this way, they are able to safeguard taxpayer money, keep funds local, and eliminate the burden of ongoing collateral tracking.

Here are a few facts about how public entities—including city, county, and state treasurers; school districts; police and fire districts; and public hospitals—are using ICS®, or the Insured Cash Sweep® service, and CDARS® provided by Promontory Interfinancial Network.

Public Fund Deposits by State

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