Specifications include, but are not limited to: •It will be the responsibility of the Bank to adhere to all state and federal laws applicable to public schooldistricts, including the furnishing of securities. Funds deposited must be fully secured at all times asrequired by law. Each proposal should include the type of security to be used as collateral for the account(s)and should name the third-party trustee for securities pledged. Acceptable collateral to secure deposits isthe sameas thosefor state fundson deposit. This list can be viewedon the internet athttp://www.treasurer.mo.gov/Invest/InvestPolicy.pdf.•Serve as a depository for federal and state withholding deposits.•The District requires a location within District boundaries at which deposits are to be dropped off. It is the preference of the District that deposits are handled at the local branch. If the Bank wishes to transfer deposit bags to a central site for processing, any costs to the District for this service must be included in the proposal.
