Collateral

The Collateralization Policy was adopted to insure that the State Treasury Funds deposited with a financial institution must be secured at all times by conveyance of a perfected security interest in eligible securities as prescribed in Arkansas Code Annotated (Statute Symbol) 9-8-209 and (Statute Symbol) 23-32-1003 and evidenced by a security agreement.

Duties Include:

Audit banks collateral to be sure adequate securities have been pledged and have a market value equal to at least 105% of the amount of Treasury deposits and / or investments (including accrued interest), and that those securities be held by a third-party Financial Institution Custodian.

Celeste Gladden

Collateral Manager

Phone: 501-682-1419
Fax: 501-682-1521
Email

Shannon Smith

Collateral Manager Assistant

Phone: 501-682-3389
Fax: 501-682-1521
Email

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