Answer:
Any authority your bank may have to pledge securities as collateral for uninsured deposits is a function of state law. Generally, it is only allowed when the deposit is public funds.
First published on BankersOnline.com 11/16/09
Any authority your bank may have to pledge securities as collateral for uninsured deposits is a function of state law. Generally, it is only allowed when the deposit is public funds.
First published on BankersOnline.com 11/16/09