Kansas Collateral Pool

A depository may be a bank, savings and loan association, or a savings bank in the State of Kansas. A depository of public moneys in the State of Kansas is required to secure the deposit of such moneys in excess of the amount insured or guaranteed by the FDIC pursuant to K.S.A. 9-1402 and 12-1675, and amendments thereto, by the Kansas Collateral Pool.

A qualified public Depository doing business in Kansas through its main office or its branches, must submit a fully completed Depository Participation Agreement [coming soon!] to the Kansas Collateral Pool for approval by the State Treasurer of Kansas to participate in the pool.

A public entity is the state or any county, municipality, or other political subdivision of the State of Kansas. After implementation of the pool, the public entity’s bank will report and pledge all collateral to the KCP instead of to each public entity in the State of Kansas. For the public entity, this means that the security of deposits will be monitored by our office, and they will see a reduction in administrative time and expense. They may also see lower audit expense by having all audit information in one location.

Depositories must report at least monthly to the State Treasurer on:

• Amount of public moneys on deposit in such depository
  • Amount insured or guaranteed by the FDIC; and
  • Amount not insured or guaranteed by the FDIC.
• Amount of the pool of securities pledged as collateral by the depository
  • CUSIP/Identifier
  • Market Value
  • Maturity Date
• Contact information for each public entity represented

The KCP will further report to each public entity information reflecting:

• For each depository with which the entity has moneys on deposit, the amount of public moneys on deposit for the public entity, and
• The total amount of funds on deposit with such depository for all public entities, and
• The aggregate market value of the pool of securities used to secure all such public moneys on deposit

Banks will be provided with acceptable reporting methods upon joining the KCP. Monthly reports from the KCP will be mailed to the public entities using contact information on file.

To change your contact information, or to opt-in to electronic communication from the Collateral Pool, use the form below to submit your information, and we will follow up with next steps.

If the depository’s pool falls below the required level, or if an institution defaults, procedures are in place for recovery and ensuring accountability.