DDM for Public Funds

Reich & Tang's Demand Deposit Marketplace (DDM) program is available to public funds customers in most states. State law enables public funds to invest in certain types of FDIC insured deposit programs without the need for banks to pledge collateral on a daily basis.

The links below are excerpts from each state’s statutes that discuss the permissible use of public funds in programs such as DDM. If your state is not listed, please contact us for more information.

The DDM program can be a valuable and strategic solution for your bank and its public funds customers. By utilizing Demand Deposit Marketplace your public funds customers receive high levels of FDIC insurance, maintain daily liquidity, and eliminate many of the risks associated with non FDIC-insured cash investments.


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