Access to Capital

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Overview

A key objective of the Treasurer’s Office is to invest State capital in a manner that supports community development efforts while simultaneously meeting its primary investment objectives of safety, liquidity, and return on investment.

 

The Access to Capital Program enables the Treasurer's Office to place deposits in approved financial institutions throughout Illinois in the form of a time deposit maturing in 30 to 365 days or two years.  Deposits of these funds provide participating financial institutions (i.e. banks, credits unions, and savings and loan institutions) with added liquidity.  This provides financial institutions across the state with the added opportunity to administer important lending activities, which can be essential in supporting families, small businesses, and community development efforts.  Read the Access to Capital services overview sheet.

 

The Treasurer's Office provided $220 million in Access to Capital deposits to financial institutions across the State of Illinois over the last four fiscal years (FY 2015 – 2018).

 

Become an Approved Depository

 

To participate in the Access to Capital Program, institutions must become an approved state depository.  Should you have any questions, please contact the Treasurer's Time Deposit Section at (866) 458-7327.

 

           •  Become an Approved Program Depository

           •  List of Approved Program Depositories

           •  List of Participating Program Depositories

 

Approved Program Depositories can also participate in the Treasurer's Community Development Linked Deposit Programs.  Should you have any questions with this process, please contact the Treasurer's Time Deposit Section at (866) 458-7327 or AccessToCapital@illinoistreasurer.gov.

 

Submit an Application for Deposit

Approved depositories seeking to utilize the Access to Capital Program are required to submit an Application for Deposit.  Should you have any questions with this process, please contact the Treasurer's Time Deposit Section at (866) 458-7327 or AccessToCapital@illinoistreasurer.gov.

 

Daily Rates

Click here to access the Access to Capital and Invest In Illinois Daily Rates page.

 

Community Reinvestment Act

The Treasurer’s Office wants to encourage an open and effective banking system that grows local communities and boosts Illinois’ economy.  By law, the Treasurer’s Office is authorized to consider a financial institution’s record and current level of financial commitment to its local community when deciding whether to deposit State funds in that financial institution.  CRA ratings of "satisfactory" or "outstanding" are required to allow the deposit of state funds.  Exemptions for the Access to Capital – Community Uplift Program will be considered for qualified credit unions that do not receive a CRA rating.

 

           •  Community Reinvestment Act