S.D. Admin. R. 6:02:02:02
All qualified public depositories in the state must return to the commission a standard public depository liability report which includes the following information: name of depository; call date; date submitted; amount and number of public demand and time deposits over the amount of deposit insurance as of the current reporting date; the total amount of public funds deposited by the state, a political subdivision, or any tribal government defined in SDCL 4-6A-1(6) which are currently federally insured; and the maximum liability of the depository. Public depositories in which public funds are deposited under SDCL chapter 4-6 A include any state bank, national bank, savings and loan association, or credit union located within this state.
S.D. Admin. R. 6:02:02:02
General Authority: SDCL 4-6A-20.
Law Implemented: SDCL 4-6A-6, 4-6A-7.
Definition of maximum liability, SDCL 4-6A-1(5).