Time Certificates of Deposit Program
One way that Treasury helps to invest in Oregon communities is through voluntary Time Certificate of Deposits, also known as TCDs. Through the OSTF, Treasury will buy short term TCDs from qualified institutions that make orders. The funds can then be used by the requesting institutions to make more loans within their communities. Treasury has a goal of making at least $200 million available through the program.
The program is authorized under ORS 295.081. The transaction occurs each month on the “order date.” On that order date, Treasury will identify the rates and durations for CDs, which can be for 3-, 6- or 12-month maturities.
For more information including the calendar of TCD sales dates, please contact Jeremy Knowles at (503) 551-9623.