Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 3772.1. Eligibility of thrift institutions as depositories

All moneys owned or held for any purpose by the Commonwealth or any of its political subdivisions may be deposited in any savings association, savings bank, Federal savings and loan association or Federal savings bank whose principal office is in this Commonwealth.  Any provision in any law requiring that such moneys be deposited in an account that is subject to withdrawal by check or otherwise on demand may be satisfied by depositing the moneys in an account that is subject to withdrawal by a negotiable order of withdrawal.