Access to Capital Program
Investing State Funds to Strengthen Illinois Communities
A key goal of the Illinois Treasurer’s Office is to invest state funds responsibly while also supporting community development across Illinois. Every investment must first meet the Treasurer’s core standards: protecting public funds, keeping money available when needed, and earning a strong return for the State. The Deposit of State Moneys Act (15 ILCS 520) authorizes the Treasurer’s Office to place deposits (in the form of time deposits) with approved financial institutions in Illinois, including banks, credit unions, and savings and loan institutions. Financial institutions can use the additional liquidity from time deposits to expand lending to families, small businesses, and community development projects across Illinois.
Become an Approved Depository
To participate in the Access to Capital Program, institutions must become an approved state depository.
- Become an Approved Program Depository
- List of Approved Program Depositories
- List of Participating Program Depositories
Approved Program Depositories can also participate in the Treasurer’s Community Development Linked Deposit Programs.
Daily Rates
Community Reinvestment Act
The Office of the Illinois Treasurer wants to encourage an open and effective banking system that grows local communities and boosts Illinois’ economy. By law, the Office of the Illinois Treasurer is authorized to consider a financial institution’s record and current level of financial commitment to its local community when deciding whether to deposit State funds in that financial institution. CRA ratings of “satisfactory” or “outstanding” are required to allow the deposit of state funds. Exemptions for the Access to Capital – Community Uplift Program will be considered for qualified credit unions that do not receive a CRA rating.
Support Lending and Economic Growth
The Access to Capital programs help approved financial institutions use state deposits to support lending and economic activity across Illinois.