A public depository is a financial institution that is approved to hold state funds.
The State Treasurer’s Office determines which of Wyoming’s financial institutions and savings institutions are to serve as state depositories for the purpose of receiving public funds.
If you would like to become an approved depository you can fill out an application. The length of time an institution can remain an approved depository changed in 2016 due to new state legislation. Once your application is approved, you will remain an approved depository without further application unless this designation is revoked by the Board of Public Deposits as stated in W.S. 9-4-802.
TDOA (TIME DEPOSIT OPEN ACCOUNT PROGRAM)
Financial institutions which are approved as public depositories may participate in the Time Deposit Open Account Program (TDOA). This program, run by the State Treasurer’s Office, places state deposits into public depositories throughout the State of Wyoming, allowing those financial institutions to increase Wyoming Loans.
PUBLIC DEPOSITORY RESOURCES