The Georgia Bankers Association (GBA) administers two public deposit collateral pool programs for the Office of the State Treasurer of the State of Georgia. The programs are The Georgia State Pledging Pool Program and the Georgia Secure Deposit Program.
Summary of Public Deposit Collateralization Methods in Georgia
Office of the State Treasurer Bank Policy (Sept. 2019)
Office of the State Treasurer Banking website
Under this program, a bank pools its collateral against its entire portfolio of public deposits instead of pledging to each depositor.
In 2016, the Georgia General Assembly passed and Gov. Deal signed SB 283 authorizing a multibank contingent liability pledging pool to protect public deposits.
GBA Public Deposit Collateral Pools Manager
Deposit Placement Program: Approved Providers, Policy and Exhibits