APPROVED DEPOSITORIES - 8031

(Revised: 09/2012)

Departments will make deposits into the CTS at an STO approved depository bank. Departments cannot make deposits into their CTS accounts at the STO. The following depository banks have been approved by the STO:

Bank of America

Bank of the West

Citibank

JP Morgan Chase Bank

Union Bank of California

U. S. Bank

Wells Fargo Bank

Westamerica Bank

Departments must submit a written request to the STO to add or change depository banks.  The request must include the following information:

To add a depository bank:

1. Indicate bank and branch.
2. Indicate reason for adding bank.

To change depository bank:

1. Current bank name and address.
2. New bank and branch name and address.
3. Reason for changing banks.

Send written requests to:

State Treasurer’s Office (IMMS C-15)

Centralized Treasury and Securities Management Division

Bank Reconciliation Section Manager

P.O. Box 942809

Sacramento, CA 94209-0001

Note: For accounts outside the CTS, including Zero Balance Accounts (ZBA), refer to SAM Section 8002.