Public Deposits

Programs and resources related to public funds deposits and banking, including the Public Deposit Protection Commission

The PDPC and Public Depositaries:

OST administers the work of the Public Deposit Protection Commission (PDPC), which is made up of the State Treasurer, the Governor, and the Lieutenant Governor. The PDPC ensures that public funds deposited in approved financial institutions are protected in the event that a financial institution becomes insolvent.

Learn about the requirements and the process to Become a Public Depositary in Washington State.

Other Public Funds Banking Programs:

OST also administers two additional programs that benefit public depositaries.

The Surplus Funds Certificate of Deposit Program puts state dollars to work for local economies.

The Linked Deposit Program is operated in conjunction with the Office of Minority and Women's Business Enterprises.