|
|
Through the dedicated method of collateralizing, we found
that banks were/are collateralizing their public funds by administering
each fund separately and reporting on changes accordingly. Most often,
banks overcompensate in this process to assure compliance with the 110%
securitization requirements or under compensate due to the monitoring
and administrative strains. It’s the same as setting loan loss reserves
at double the requirements to assure safety in the absence of good close
administrative management. Changes in the funds, rates, amounts and
percentages require exact record-keeping to prevent under-compliance and
excessive funding. The GBA program pools the securities, administers the
record-keeping and audits the records regularly.
To learn more about the Georgia State
Pledging Pool Program, please contact GBA's
Kenyetta Parks, (404)
420-2036.
Please send an e-mail to the
Webmaster with questions.
|
