Oregon State Treasury
Chapter 170
Division 40
PUBLIC FUNDS COLLATERALIZATION RULES
170-040-0060
Accounts in Financial Institutions Outside Oregon
The Office of the State Treasurer may establish demand deposit accounts in financial institutions outside this state for the purpose of accepting deposits of funds related to the state investments in geographical areas respectively serviced by the institutions. Such accounts shall be deposited only in financial institutions that are well-capitalized according to the classifications of its primary federal regulatory authority.
Statutes/Other Implemented: ORS 295.205(2)
History:
OST 2-2008, f. 6-27-08, cert. ef. 7-1-08