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

August 1, 2016 August 31, 2016
September 30, 2016 October 31, 2016
November 30, 2016 January 3, 2017
February 28, 2017 March 31, 2017

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 address is:

1526 K Street, Suite 420, Lincoln, NE 68508

May 2015 June 2015
July 2015 August 2015
September 2015 October 2015
November 2015 December 2015
January 2016 February 2016
March 2016 April 2016
May 2016 June 2016
July 2016 August 2016
September 2016 October 2016
November 2016 December 2016

Other Information and Forms

Request a Public Funds Deposit

A written request for deposit must be received no later than 15 business days from the TDOA deposit date requested.

Pledging Information

Interest Payment Information

Request to change current deposit or correspondent bank

To withdraw from the program or to change the amount of the deposit, our office must receive a written request with 30 days notice.

 

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

Jeremiah Garber
Nebraska Investment Council
402-471-2043