CB(LEGAL) - DEPOSITORY OF FUNDS

Selection

Foreign Bank

  1. Be licensed and supervised by a central bank;
  2. Be audited annually by an accounting firm that follows international financial reporting standards; and
  3. Maintain a capital-to-total assets ratio that is not less than the greater of four percent or the minimum tier 1 capital-to-total assets ratio required for depository institutions insured by the Federal Deposit Insurance Corporation.

Surety Bonds

Interest

Collateral

Authorized Collateral

Texas Bullion Depository

Austin Community College

CB(LEGAL)-LJC

UPDATE 38

DATE ISSUED: 5/18/2020