Nebraska Bankers Association
  • About
    • News
    • Membership
    • Boards and Committees
    • NBA Foundation
    • Staff Directory >
      • Contact Us
  • Workforce
    • Careers
    • Post Job Openings
  • Advocacy
    • Legislation
    • Legislative Update
    • BankPAC
  • Compliance
    • Handbook
    • Compliance Updates
    • Compliance Alliance
  • Education
    • Event Calendar
    • In-person Events/Training
    • Webinars
    • ABA Training
    • Banking Schools
    • Cyber Certifications
    • Sponsorships and Exhibits
    • Young Bankers (YBON)
  • Insurance
    • Agency Services >
      • Commercial Insurance
      • Personal Insurance
      • Livestock, Irrigation and Farm Insurance
      • Surety Bonds
    • Bank Property & Liability
    • Financial Institution Insurance
    • Benefit Plans
  • Bank Resources
    • Preferred Vendors
    • Associate Members
    • Marketing Resources
    • Financial Literacy
    • Single Bank Pooled ​Collateral Program
    • Bank Security
    • Salary & Benefits Survey
  • About
    • News
    • Membership
    • Boards and Committees
    • NBA Foundation
    • Staff Directory >
      • Contact Us
  • Workforce
    • Careers
    • Post Job Openings
  • Advocacy
    • Legislation
    • Legislative Update
    • BankPAC
  • Compliance
    • Handbook
    • Compliance Updates
    • Compliance Alliance
  • Education
    • Event Calendar
    • In-person Events/Training
    • Webinars
    • ABA Training
    • Banking Schools
    • Cyber Certifications
    • Sponsorships and Exhibits
    • Young Bankers (YBON)
  • Insurance
    • Agency Services >
      • Commercial Insurance
      • Personal Insurance
      • Livestock, Irrigation and Farm Insurance
      • Surety Bonds
    • Bank Property & Liability
    • Financial Institution Insurance
    • Benefit Plans
  • Bank Resources
    • Preferred Vendors
    • Associate Members
    • Marketing Resources
    • Financial Literacy
    • Single Bank Pooled ​Collateral Program
    • Bank Security
    • Salary & Benefits Survey


Single Bank Pooled ​Collateral Program

Nebraska State statute requires Nebraska banks to pledge approved collateral for public entity deposits in excess of FDIC insured limits. The Nebraska Department of Banking and Finance (NDBF) has appointed the Nebraska Bankers Insurance and Services Company (NBISCO), the for-profit subsidiary of the Nebraska Bankers Association, to administer the Nebraska Single-Bank Pooled Collateral Program (SBPC) pursuant to Neb.Rev.Stat. Section 77-2398(2) (b) (ii).   

​This program allows participating banks to aggregate their total public deposits and to pledge collateral against its entire portfolio of public deposits rather than pledging per entity. As the program administrator, NBISCO collects, confirms and reports bank compliance with mandated pledging requirement on a monthly basis. Collateral is pledged to NBISCO. In the event of a bank closure, the pledged collateral would be assigned to the NDBF for liquidation and payment to impacted political subdivisions.

graph showing total public deposits and depositors in the Nebraska Bankers Association Single Bank Pooled Collateral Program, as of October 2021

Learn How the SBPC Can Benefit Your Bank

Learn About Public Depositors and the SBPC


Enroll
Instructions and Information
Frequently Asked Questions (FAQs)

​Step One: Enrollment Form and Program Fees
Step Two: Security Agreement
​Step Three: Custodial Agreement​
​
​Submit Monthly Reporting
Financial Institution: Month end report
​Qualified Trustees: Month end report

​Reports
Bank Compliance Reports
​Public Entities with Covered Deposits
Participating NE Financial Institutions
Documents
Securities Pledged & Release Form​
Form to update the list of authorized employees
List of Acceptable Collateral
Sample Letter of Credit Application for FHLB

​​Related Links
Information for Public Depositors
​​Nebraska Bankers Insurance Services Company (NBISCO)
Nebraska Department of Banking and Finance
​Public Funds Deposit Security Act​
​Educational Program Handout​​
PowerPoint Slides for Banks
PowerPoint Presentation

Program Contacts

​Misty Rushing
​NBISCO Financial Program Administrator
nepooledcollateral@nebankers.org​
​​​402-904-7060 (NBA direct)
Kelly Lammers
Director, Nebraska Department of Banking and Finance
402-471-2171

STAY CONNECTED

Contact Us

nEBRASKA bANKERS aSSOCIATION

233 South 13th Street, Suite 700
PO Box 80008
Lincoln, NE 68501-0008
​402-474-1555
​Digital Millennium Copyright Act Policy
Member Login