Official Nebraska Government Web Site




Time Deposit Open Account Program (TDOA)

From the funds available for investment in the Operating Investment Pool, the Council is required, pursuant to the Nebraska Capital Expansion Act, to offer each qualifying bank and capital stock financial institution in the State a time deposit open account (TDOA). Each institution is allowed up to a $1,000,000 deposit as long as they satisfy the requirements of the program. The first $250,000 of the deposit is insured either by the FDIC or the FSLIC. The statute requires the pledging of collateral for deposits greater than the FDIC insurance coverage.

As of July 18, 2014, to the extent that the total amount of funds initially offered to all banks is not accepted by those banks, the balance of such funds shall be reoffered to any bank desiring additional funds. No one bank may receive a deposit of more than $6,000,000. For additional details, refer to Nebraska Statute 72-1263 or call our office.

Dates Available for Deposit or Withdrawal

July 31, 2014 September 2, 2014
September 30, 2014 October 31, 2014
December 1, 2014 December 31, 2014
February 2, 2015 March 2, 2015

The deposit date shall be the last day of a month. If the last day of the month is not a working day, the deposit date shall be the next working day.

Monthly Interest Rate

Our new address is:

1526 K Street, Suite 420, Lincoln, NE 68508

Please update your records if you have not already done so.

Thank you.

July 2013 August 2013
September 2013 October 2013
November 2013 December 2013
January 2014 February 2014
March 2014 April 2014
May 2014 June 2014
July 2014 Aug 2014
September 2014 October 2014
November 2014  

Other Information and Forms

Request a Public Funds Deposit

A request for deposit must be received no later than 10 business days from the TDOA deposit date requested.

Pledging Information

Interest Payment Information

Request to change current deposit or correspondent bank

Changes to an existing deposit must be received no later than 10 business days from the TDOA deposit/withdrawal date.

Request to withdraw from program – 30 days notice required

If you have further questions on the Time Deposit Open Account Program, please feel free to call:

JoLynn Winkler
Nebraska Investment Council
402-471-2043