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 $100,000 of the deposit is insured either by the FDIC or the FSLIC. The statute requires the pledging of collateral for deposits greater than $100,000.
Dates Available for Deposit or Withdrawal
| March 31, 2008 | April 30, 2008 |
| June 2, 2008 | June 30, 2008 |
| July 31, 2008 | September 2, 2008 |
Monthly Interest Rate
| July 2007 | August 2007 |
| September 2007 | October 2007 |
| November 2007 | December 2007 |
| January 2008 | February 2008 |
| March 2008 | April 2008 |
| May 2008 | June 2008 |
| July 2008 | August 2008 |
Other Information and Forms
Request a Public Funds Deposit
- Instructions
- Sample letter to request deposit
- Agreement Form (Word Version - .doc)
- Agreement Form (PDF Version - .pdf)
Request to change current deposit or correspondent bank
- Sample letter to change deposit
- Sample letter to change correspondent bank
- Agreement Form (Word Version - .doc)
- Agreement Form (PDF Version - .pdf)
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