Utah Admin. Code R628-10-5 - Restrictions on Concentration of Deposits in Any One Permitted Depository Institution
The maximum amount of any public treasurers portfolio which can be invested in any one Permitted depository institution shall be as follows:
(1) Portfolios of
$10,000,000 or less may not invest more than 10% of the total portfolio with a
single issuer.
(2) Portfolios
greater than $10,000,000 but less than $20,000,000 may not invest more than
$1,000,000 in a single issuer.
(3)
Portfolios of $20,000,000 or more may not invest more than 5% of the total
portfolio with a single issuer.
The amount or percentages used in determining the amount of Permitted deposits a treasurer may purchase, shall be determined by the book value of the portfolio at the time of purchase.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.