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Texas Government Code - GOV'T § 2257.105. Monitoring Collateral

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Each participating institution shall file the following reports with the comptroller electronically and as prescribed by rules of the comptroller:

(1) a daily report of the aggregate ledger balance of deposits of public agencies participating in the pooled collateral program that are held by the institution, with each public entity's funds held itemized;

(2) a weekly summary report of the total market value of securities held by a custodian trustee on behalf of the participating institution;

(3) a monthly report listing the collateral securities held by a custodian trustee on behalf of the participating institution, together with the value of the securities; and

(4) as applicable, a participating institution's annual report that includes the participating institution's financial statements.

(b) The comptroller shall provide the participating institution an acknowledgment of each report received.

(c) The comptroller shall provide a daily report of the market value of the securities held in each pool.

(d) The comptroller shall post each report on the comptroller's Internet website.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 2257.105. Monitoring Collateral - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-2257-105/

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