Qualified Public Depository Annual Report to the Chief Financial Officer. QPD annual report of Florida public deposit accounts 2025

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As the name indicates, public deposits are those deposits made directly to an institution by the general public. On deposits of the general public, companies pay higher interest rates than banks. Those who choose to deposit money with an organisation fill out the deposit paperwork.
Qualified public depository means any bank or savings association organized and existing under the laws of Florida and any bank or savings association organized under the laws of the United States that has its principal place of business, or a branch office, in Florida which is authorized under the laws of Florida or
A bank, savings bank, or savings association that is designated as a qualified public depository and that is not insolvent shall guarantee public depositors against loss caused by the default or insolvency of other.