Published: August 26, 2020
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.
- Designating a City Depository, LMC model resolution (d0c)