Time Deposit Program

What is the Time Deposit Program?

The Time Deposit Program was created in 1945 by the State Bank Deposit Law of California. The program allows the State Treasurer to place deposits with eligible California financial institutions.

The goal of the Time Deposit Program is to stimulate local economies by supporting financial institutions that serve the interest of their communities throughout the state.

All time deposits are fully collateralized.

Who is Eligible?

Financial institutions headquartered in California and authorized to accept deposits in the State of California. Eligible institutions include federally-insured commercial banks, savings banks, and credit unions.

Why is Community Investment Important?

The State Treasurer places a high priority on community investment. Every effort is made to assure access to the Time Deposit Program for institutions that rely more on public and private deposits to lend and invest within their neighborhoods. By accessing funds through the Time Deposit Program, financial institutions can re-invest in the California communities they serve.

Time Deposit Program Participation Information as of 06/30/2024

Institution Size	# of Institutions	Total Deposits
Total Assets	% of TD Program	% of TD Program
< $5 billion	64.8%	32.1%
$5-10 billion	16.7%	25.4%
$10-20 billion	7.4%	14.4%
$20-50 billion	9.2%	22.2%
> $50 billion	1.9%	5.9%