Nebraska Administrative Code
Topic - INVESTMENT COUNCIL
Title 213 - NEBRASKA INVESTMENT COUNCIL
Chapter 1 - PROCEDURES FOR DISTRIBUTION OF FUNDS TO BANKS, CAPITAL STOCK FINANCIAL INSTITUTIONS, AND QUALIFYING MUTUAL FINANCIAL INSTITUTIONS
Section 213-1-003 - CORRESPONDENT
Universal Citation: 213 NE Admin Rules and Regs ch 1 ยง 003
Current through March 20, 2024
All deposits shall be made by the state investment officer in a correspondent bank. Interest and redeemed and/or matured deposits shall be paid by the correspondent bank by charging the accounts of the banks, capital stock financial institutions, and qualifying mutual financial institutions and crediting the Treasurer, State of Nebraska. Correspondents shall be approved by the state investment officer.
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