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Kansas Collateral Pool FAQ

Kansas Collateral Pool - Frequently Asked Questions
The Kansas Collateral Program is a state-level system created by the 2025 Kansas Legislature through HB 2152 to protect public money deposited in Kansas banks. It requires banks to pledge safe investments (such as U.S. government securities) as collateral for public deposits that exceed FDIC insurance limits. The program pools collateral and monitors deposits to ensure public funds are secured at 102% of the uninsured amount at all times.
Collateral is required to protect taxpayer funds when public entities (like the State, cities, counties, and schools) deposit money in banks. If a bank fails or can’t return public funds, the pledged collateral ensures those funds remain secure beyond what FDIC insurance covers.
All banks (qualified depositories) that hold public funds in Kansas are required to participate. Also, all state and local units of government in Kansas must participate in the program. After implementation of the pool, the public entity’s bank will report and pledge all collateral to the KCP instead of to each public entity in the State of Kansas. For the public entity, this means that the security of deposits will be monitored by the Kansas State Treasurer's office, and they will see a reduction in administrative time and expense. They may also see lower audit expense by having all audit information in one location. 
A “public entity” includes the State of Kansas and any county, city, school, or other political subdivision that holds public money deposited in banks.

Participating banks must report to the State Treasurer at least monthly, including:

  • Amount of public money on deposit

  • Amount covered by FDIC insurance

  • Amount that is uninsured

  • Collateral pledged (with identifiers, market value, maturity date)

  • Contact information for public entities represented

This ensures the pool maintains adequate collateral coverage.

If a bank’s pool of pledged collateral falls below the required percentage or if an institution defaults, the Collateral Pool has procedures in place for recovery and to ensure accountability, protecting the public funds.
The provisions of the Kansas Collateral Pool established in HB 2152 are scheduled to go into effect on January 1, 2026.
Our Treasury Management department is available to discuss options and help to answer your questions. Our team is committed to making this process smooth and straightforward, and we greatly value our customers' relationships with Union State Bank. Complete a contact us form here, or call the Treasury Department at 620-741-3069.     
 
The Collateral Pool page of the Kansas State Treasurer’s Office website includes a contact email address for questions about participation, reporting, or other details: collateralpool@treasurer.ks.gov

Union State Bank offers the option to move your deposits to IntraFi, a solution that provides attractive market interest rates, enhanced liquidity, and full FDIC protection through a single banking relationship.

The IntraFi approach streamlines deposit and collateral management, complies with K.S.A. 12-1675, K.S.A. 75-4237, and K.S.A. 9-1407 (as amended), and meets all conditions for reciprocal deposit programs. By leveraging IntraFi’s nationwide network, government depositors can access millions in aggregate FDIC insurance, offering a simplified and compliant alternative to the State of Kansas Pooled Collateral Method.

Learn more about IntraFi here.












HB 2152 Report Frequently Asked Questions
The Kansas State Treasurer’s Office provides the HB 2152 reports. Banks are responsible for submitting required data to the State but do not issue the pooled collateral reports to public entities.

Based on State training guidance, reports will be delivered electronically, either:

  • Sent to the official contact of record on file with the State, and/or
  • Made available through a State‑administered online reporting system managed by the Kansas State Treasurer’s Office.
Electronic delivery is expected to be the primary method. This may include secure email delivery to the contact of record or access through a Treasurer‑administered portal. Paper reports are not expected to be standard.

Public entities may need to:

  • Confirm or update their contact of record with the State, and/or
  • Register for access to the Treasurer’s reporting system if reports are administered through a portal.

Enrollment instructions will be provided by the Kansas State Treasurer’s Office.

Reports will be provided monthly, based on prior‑month deposit activity.

According to State training guidance, monthly HB 2152 reports are expected to be available by the 20th of each month, reflecting the previous month’s activity.

Report timing is established by the Kansas State Treasurer’s Office and may be adjusted during initial implementation.

The Kansas State Treasurer’s Office controls:

  • Report issuance timing
  • Delivery method
  • System access and permissions

Individual banks do not control when or how HB 2152 reports are delivered. Report delivery timing and method are established by the Kansas State Treasurer’s Office and may change as the Kansas Collateral Pool continues to be implemented.














IntraFi® Network Deposits Frequently Asked Questions
Through IntraFi Network Deposits you can access multi-million-dollar FDIC protection on your deposits, earn interest, and enjoy flexibility at the same time. IntraFi® Network Deposits allow you to place large deposit balances at one bank while receiving FDIC insurance coverage well beyond the standard $250,000 limit. Your funds are automatically divided into smaller amounts and placed at other FDIC-insured banks within the IntraFi network. The CD option allows you to invest large balances into certificates of deposit that are placed across the IntraFi network, providing expanded FDIC insurance while earning a fixed interest rate. 
 
The IntraFi approach streamlines deposit and collateral management, complies with K.S.A. 12-1675, K.S.A. 75-4237, and K.S.A. 9-1407 (as amended), and meets all conditions for reciprocal deposit programs.
The FDIC insures up to $250,000 in a customer’s deposit accounts in a given insurable capacity at an FDIC-insured depository institution. When your funds are placed through IND, they are divided into amounts under the standard FDIC maximum and placed with other institutions participating in IntraFi's network, each an FDIC-insured institution. This makes your deposit eligible for FDIC insurance at each member bank. 
You can make unlimited program withdrawals of funds placed in demand deposit accounts and up to six program withdrawals per month of funds placed into money market deposit accounts. Your funds can be placed using either or both IND options to best match your cash management and liquidity needs.
 
CDs placed through IND-CDO offer a finite maturity date (in contrast to auction-rate or some adjustable-rate securities.
You do not pay a fee to use this service.
Receive just one monthly statement from us summarizing your account activity and balances. In addition, when you choose IntraFi® Network Deposits, you gain access to the Depositor Control Panel. Through the DPC, you can check your IND balances, view where your funds could be placed, review and manage daily proposed fund placements, and view your transaction history. 
You work directly with just us—the bank you know and trust. As always, your confidential information remains protected.
Funds placed through IND are deposited only in FDIC-insured institutions. We act as custodian for your IND deposits, and BNY Mellon acts as sub-custodian for the deposits.
 
Unique to IND-CDO, you as a depositor can obtain a confirmation of records maintained by BNY Mellon as sub-custodian to reconcile those records with the statements received from us. At any time, as often as desired, you as a depositor can obtain a certified statement from BNY Mellon that confirms the exact amount of your CDs, including principal balance and accrued interest, for each FDIC-insured institution that issues a CD through IND-CDO. 

You can submit a request for the certified statement, along with BNY Mellon’s processing fee, through us. BNY Mellon will send the certified statement directly to you or to another party designated by you, such as an auditor.
When we exchange deposits with other institutions that use IND-CDO on a dollar-for-dollar basis, the same amount of funds placed through the network returns to us. As a result, the total amount of your original deposit can remain with our bank and be used for local lending. (IND-CDO Reciprocal transactions only.)1

































Disclaimer: The information provided within this page is for general education purposes only. It is recommended that individuals consult HB 2152 or contact the office of the Kansas State Treasurer for personalized guidance. 
 

Deposit placement through IntraFi Network Deposits is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits.

A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi and IntraFi Network Deposits are registered service marks, and the IntraFi hexagon and IntraFi logo are service marks, of IntraFi Network LLC.