City Deposits and Investments

Informational Memo

Published: August 26, 2020

City Deposits and Investments
(pdf, 587.8KB )
This file may not be suitable for users of assistive technology.
Request an accessible format.

See accompanying model documents below.

This material contains general information; it should not be used as a substitute for legal advice. Any attorney general opinions cited in this material are available on request from the League’s Research and Information Service staff.

Learn which depositories, such as banks and credit unions, a city may use and how to choose one. Understand FDIC insurance and collateral considerations. Lists permitted types of investments,  such as repurchase agreements, investment trust shares, money market shares and others, along with safekeeping requirements.

Use this model with the discussion on “City Deposits and Investments”: