Regulations of Connecticut State Agencies
In order to qualify as a qualified public depository, a financial institution shall:
(1) Have its principal office in Connecticut, except in the case of an out-of-state bank that maintains in this state a branch as defined in section 36a-410 of the Connecticut General Statutes.
(2) In the case of a Connecticut credit union, comply with the net worth requirement of section 36a-441a of the Connecticut General Statutes.
(3) In the case of a federal credit union, comply with the net worth requirement of 12 CFR 702.
(4) Have assets which shall at all times exceed its liabilities.
(Effective May 22, 1992; ; Amended January 30, 1996; Amended July 31, 2006)