The CD Trust Investment program was established to allow State Agencies to invest their trust funds in Certificates of Deposit with Arkansas State banks. State agencies and Arkansas banks both benefit from this program by keeping money in Arkansas and yielding the best available rate to the State Agencies.
In 2018, the Treasury launched an online CD auction program – the Arkansas Transparent Treasury Auction, or ATTA. This program allows for a transparent, competitive process to place CD’s with Arkansas banking institutions. Institutions desiring to participate in these auctions should register with the Investment Division of the Treasury, and submit the required forms. These forms are available in standard PDF and fillable PDF formats in the FORMS section of the website.
Given the extraordinary measures taken by the Federal Reserve due to the COVID-19 crisis, as of March 18, 2020, the new minimum floor rate for participating institutions will be 25 basis points or the interpolated Treasury yield curve, whichever is greater. View the directive from Treasurer Milligan here.
The ATTA program also allows the general public to view active and past auctions, as well as any scheduled future auctions.
Visit the ATTA website here.