Local Agency Security Letter, Second Quarter 2017
At the close of each quarter, the Department of Business Oversight, acting as the Administrator of Local Agency Security sends financial institutions a notice to file their Called Report of Local Agency Deposits and Securities by the due date. Starting with the First Quarter 2015, this communication is now the "Local Agency Security Letter," a quarterly publication to inform depositories of developments in the Local Agency Security Program (LASP) in addition to being the quarterly call report notice. If you have any questions or comments, please contact LASP manager Patrick Carroll at email@example.com or or Lisa Huang at firstname.lastname@example.org.
Retirement of Karen Cunningham
Karen Cunningham has retired from state service. Please contact LASP manager Patrick Carroll at email@example.com; Tel: (415) 263-8559; or or Lisa Huang at firstname.lastname@example.org. Tel: (415) 542-6256.
Local Agency Depositories Strongly Encouraged to File Reports Electronically
The forms should be sent as an email attachment to LASPcallreport@dbo.ca.gov. NOTE: Reporting institutions should download forms with a revision date of 03/15; DO NOT use forms with the 12/14 revision date. DO NOT scan the Excel spreadsheet and email a PDF.
June 30, 2017 Quarterly Call Reports Due
Required information must be reported as of the close of business on March 31, 2017 and date stamped or postmarked no later than Monday, July 31, 2017.
Nil Report No Longer Required
Formerly, financial institutions that did not accept local agency deposits were required to submit a quarterly nil report to LASP. Starting with the second quarter 2015, this requirement has been eliminated.