Acceptable Collateral for Linked Deposits
Missouri Statute requires all deposits with the State, including Missouri Linked Deposit Program loans, to be collateralized at a level of at least 100% over the FDIC insurance limit. Statutes further define the types of bonds and other collateral the State may accept.
While Brokered CD’s are now deemed statutorily acceptable as collateral for deposits of state funds (effective August 28, 2018),
the State Treasurer’s Office will not be accepting them as collateral for such deposits. The State Treasurer urges each public entity to
make its own decision as to which types of collateral are acceptable to them, and not base their decision solely on that of the Treasurer’s Office.