California Government Code, Section 53661 (e) requires depositories to file a Called Report of Local Agency Deposits and Securities with the Administrator. Called Reports are a quarterly requirement. The Local Agency Deposit Security Regulations, Subchapter 5, Article 4, provides information concerning report format, content, certification, and verification. For further information on reporting requirements go to http://www.dbo.ca.gov/forms/bank/DBO-1003.pdf.
If your institution does not maintain local agency deposits:
1. Please print this email and complete the Certification of No Local Agency Deposits form
2. Return the form below no later than July 29, 2014 by:
- scanning and emailing to LASP@dbo.ca.gov (recommended)
- printing and mailing to: Department of Business Oversight
Attention: Local Agency Security Program
1515 K Street, Suite 200, Sacramento, CA 95814.
Certification of No Local Agency Deposits
I certify ___________________________________ does not maintain Local Agency Deposits.
(name of institution)
I also understand that if Local Agency Deposits are maintained, we must comply with all requirements of California Law and Regulations. I certify that I am an officer who is authorized by the above institution to make the above statements.
Responsible Officer's Signature Date
Name and Title (Please print) Phone Number