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

September 30, 2015 November 2, 2015
November 30, 2015 December 31, 2015
February 1, 2016 February 29, 2016
March 31, 2016 May 2, 2016

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.

September 2014 October 2014
November 2014 December 2014
January 2015 February 2015
March 2015 April 2015
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  

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