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Cash Management

Our primary function in Cash Management is to receive and record state deposits made throughout the state and to invest those funds.  We receive an average of $50 million in daily deposits and invest over $2.5 billion in state dollars each day.

Cash Management Forms

84.00 KB Download

Bank Deposit Requests

84.80 KB Download

Deposit Slips Requests

75.76 KB Download

Forgery Affidavit Form

87.09 KB Download

Remote Express Deposit (RED) Consent Form

31.18 KB Download

Remote Express Deposit (RED) Procedures

116.53 KB Download

W9 Form

66.48 KB Download

Warrant Copy Requests

    Approved State Depository

    Any bank or savings association that conducts the business of making loans and taking deposits in the State of Alabama and is an active member of the SAFE Program may file a written application with the State Treasurer to be designated as a state depository.  A bank must be designated as an approved state depository to hold any State of Alabama monies.

    To apply, a bank should complete the Application for Designation of State Depository, attach a copy of the bank’s Certificate of Qualified Public Depository to confirm membership in the SAFE Program and transmit the documents to the State Treasurer.  Upon certification by the State Treasurer, the Governor may designate the bank as a state depository.  Once designated, the Treasurer will provide a written order to the bank declaring it a state depository until its authority is revoked.

    Interest Earning Bank Deposit Accounts

    Treasury may place monies in an approved state depository and earn market interest rates on the account.  All interest earned is credited to the State General Fund.

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