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SAFE Program (Security for Alabama Funds Enhancement)

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New SAFE Rule Changes - Effective March 6, 2017

SAFE WEB

SAFE WEB is an online system that allows qualified public depositories the ability to submit their monthly SAFE reports electronically.

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What is the SAFE Program?

The Security for Alabama Funds Enhancement, or SAFE Program, is encompassed in Title 41, Chapter 14A, Code of Alabama 1975, as amended, to provide a uniform program for the security of public funds deposited with financial institutions in the State of Alabama that qualify to serve as depositories for public funds.

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What is the SAFE Program?

How does a bank or savings institution become a SAFE member?

To become a member in the SAFE Program, a bank or savings institution must be organized and existing under Alabama or any other state law, be in the business of making loans and accepting deposits in Alabama, and have FDIC coverage. To apply for membership, click the link for a list of documents that must be completed by the applying institution and submitted as an application package to SAFE.

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SAFE Program Membership

SAFE Program Reports

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Approved SAFE Custodians

126.38 KB Download

Qualified Public Depositories (QPDs)

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SAFE Quarterly Data

    Forms

    Application Forms

    49.29 KB Download

    Authorized User Representatives

    52.96 KB Download

    Certification of Adoption of Directors Resolutions

    96.19 KB Download

    Collateral Agreement

    83.36 KB Download

    Contingent Liability Agreement

      FHLB Letters of Credit 

      86.19 KB Download

      Approved FHLB Letter of Credit

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      Request to Amend/Terminate Letter of Credit

        General Information

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        Board of Directors

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        Covered Public Entity Definition

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        Eligible Collateral

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        New SAFE Rule Changes - Effective March 6, 2017

        149.44 KB Download

        SAFE Law

        79.53 KB Download

        SNL Financial Rating Information

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