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Cash Management
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The Cash Management Division is responsible for the accurate reconciliation of state funds received in OST bank accounts, payment of duly executed warrants and performing various duties for state issued bonds. Excess funds are invested in statutory eligible securities and bank deposits.

Cash Management Forms

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

111.24 KB Download

TDOA Guidelines

144.63 KB Download

TDOA Request Form

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 State Treasury’s 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.

    TIME DEPOSIT OPEN ACCOUNTS (TDOA)

    (§41-14-33, Code of Alabama, as amended)

    The Treasurer may apportion TDOA among state banks giving priority to the value and importance of such deposits to the economy of the communities and the various areas of the state to be affected thereby, as indicated by the loan to deposit ratio.

    TDOA have maturities of 91 days, 182 days, and 365 days with the rate of interest paid on each deposit corresponding to the rate of the US Treasury obligations of comparable maturity.

    Interest is calculated on an actual/actual basis, is payable monthly and credited to the state General Fund.

    The rates are posted HERE weekly. 

    If interested in holding a state deposit, please complete the Bank Deposit Request Form above.

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