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Florida Administrative Code (Last Updated: March 13, 2024) |
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69. Department of Financial Services |
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69C. Division of Treasury |
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69C-2. Procedures For Administering The Florida Security For Public Deposits Act |
1To become a Qualified Public Depository under the “Florida Security for Public Deposits Act”, a bank or savings association must meet or comply with each of the following requirements:
30(1)(a) Be organized and operating under the laws of this state; or
42(b) Be organized under the laws of the United States and having its principal place of business in this state; or
63(c) Having a branch office which is authorized under the laws of this state or of the United States to receive deposits in this state.
88(2) Meet the financial ranking established for entry in the Public Deposits Program pursuant to rule 10469C-2.024, 105F.A.C.
106(3) Execute Form DI4-1000, “Contingent Liability Agreement”.
113(4) Execute Form DI4-1001, “Public Depository Pledge Agreement” and pledge the required collateral, if applicable.
128(5) Submit a copy of the prior year end and all current year quarterly financial statements; however, if no reports have been filed for the current calendar year, all quarterly reports for the prior calendar year must be submitted.
167(a) To satisfy the above requirement, Banks shall submit a copy of its “Consolidated Report of Condition and Income” (more commonly called the “Call Report”).
192(b) To satisfy the above requirement, Savings Associations shall submit copies of its “Thrift Financial Reports.”
208(6) Have received Form DI4-1002, “Certificate of Qualified Public Depository” executed by the Chief Financial Officer.
224Rulemaking Authority 226280.19, 227280.041(7) FS. 229Law Implemented 231280.02(11), 232280.04(1), 233280.07, 234280.16 FS. 236History–New 2-25-82, Amended 11-29-84, Formerly 4C-2.05, Amended 4-10-86, 6-28-88, 1-23-91, 7-12-92, Formerly 4C-2.005.
