Frequently Asked Questions

Program Administration

Q. How do I contact the Program Administration Section of the bureau?
Mailing address: Division of Treasury Bureau of Collateral Management
Program Administration Section
200 East Gaines Street
Tallahassee, FL 32399-0345
Phone: (850) 413-3164
Fax: (850) 413-2721
E-mail: public.deposits@fldfs.com

Q. What is a qualified public depository?
A. A qualified public depository, or "QPD", is a bank or savings association that has been designated by Florida's Chief Financial Officer (the "CFO") to accept deposits from governmental units in the state of Florida.

Q. How does a bank or savings association become a QPD?
A. File the required application materials, meet the requirements of Chapter 280 , Florida Statues (F.S.) and Rule Chapter 69C-2, Florida Administrative Code (F.A.C.), and be approved as a QPD.

Q. What are the reporting requirements for a QPD?
A. Currently, QPDs must file a monthly report, annual report, and copies of their quarterly Call or Thrift Financial Reports.


Collateral Administration

Q. I have documents to forward to Collateral Administration.  What is the correct address?
Mailing address: Division of Treasury
Bureau of Collateral Management
Collateral Administration Section
200 East Gaines Street
Tallahassee, FL 32399-0345

Q. Who is authorized to provide instructions for my entity's account(s) with the State Chief Financial Officer's Office?
A. Authorization is extended to persons duly empowered by the depositing entity to issue instructions and enter into agreements/contracts with the Chief Financial Officer of the State of Florida concerning collateral accounts as shown on the depositing entity's Authorized Signature CertificationAcrobat Reader required to view this file.

Q. Can the entity's personal financial institution serve as custodian for the purpose of accepting and holding securities in book-entry form?
A. Only financial institutions that have entered into Trust Agreements/contracts with the Chief Financial Officer of the State of Florida are authorized to serve as custodians. A list of institutions authorized to hold book-entry securities for the Collateral Administration Section is provided on this web site. 

Q. What is the fee for custodian service for book-entry deposit items?
A. The depositing entity must contact the respective custodians to discuss fees for custodian services. See the list of institutions authorized to hold book-entry securities for contact persons and/or telephone numbers of custodians.

Q. What happens to interest earned on collateral items in custody of, pledged to or held by custodians for the Chief Financial Officer of the State of Florida?
A. So long as the depositing entity remains solvent and is in compliance with Florida Statutes, it may demand, receive, sue for, and recover the income from the securities or assets deposited. The depositing entity should make arrangements with the paying agent for the payment of interest at the time of purchase of the security. 

Q. What securities are the Treasury Cash Deposit Trust Fund invested in?
A. Monies deposited into the Treasury Cash Deposit Trust Fund are invested pursuant to Section 17.59, Florida Statutes

Q. How often is interest distributed from the Treasury Cash Deposit Trust Fund?
A. Interest earned on cash deposited into this fund shall be prorated and paid to the depositing entities on a quarterly basis. The information on Cash Deposits has a schedule outlining interest distributions.

FORMS

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