Rural Water - Quarter 4, 2008 - (Page 20) BANK COLLATERAL in Nervous Times WE HAVE ONLY to look back to the ’80s and ’90s to remember the record number of bank failures and recall how trying that situation can be for public entities. No one expects bank failures of that earlier magnitude, but the key to assuring the safety of public funds is to know that you have full contractual and statutory control over the situation. There are a number of major control checkpoints that are beneficial to assure you have done enough to protect your assets sitting in time (CD) and demand (accounts) deposits for your entity. The elements you need for safety (and peace of mind) are listed below as a quick review. FIRREA Compliance First and foremost, assure that you have a written and current depository/collateral agreement and that it is compliant with the Financial Institutions Resource and Recovery Enforcement Act (FIRREA). FIRREA is the statutory baseline for the FDIC when they come in to close or bridge a bank. The four conditions in the Act must be met in order for the Federal Deposit Insurance Corporation (FDIC) to honor the collateral agreement you have in place with your bank. The Act’s four key conditions are: 1. The agreement must be in writing. Is your depository agreement in place, in writing and up-to-date? If your bank has merged or been acquired and assignment of services or ownership was made, it might be a good time to reexecute the agreement with the new entity just to ensure that all terms and conditions are met and have been assumed by all parties. ©WWW.ISTOCKPHOTO.COM/VASILIY YAKOBCHUK 20 • Fourth Quarter 2008
Table of Contents Feed for the Digital Edition of Rural Water - Quarter 4, 2008 Rural Water - Quarter 4, 2008 Contents From the President Rural Water: Where are We Headed? The Future of Water in America Bank Collateral Controls in Nervous Times Bottle of Water or Billion Dollar Bully? Aqua Chocolate No Mas Why Even Small Water Systems Should Have Personnel Policy Manuals Safe Drinking Water Regulatory Update 2008 NRWA Industry Event Throwing My Loop Advertisers.com Index to Advertisers From the CEO Rural Water - Quarter 4, 2008 Rural Water - Quarter 4, 2008 - Rural Water - Quarter 4, 2008 (Page Cover1) Rural Water - Quarter 4, 2008 - Rural Water - Quarter 4, 2008 (Page Cover2) Rural Water - Quarter 4, 2008 - Rural Water - Quarter 4, 2008 (Page 3) Rural Water - Quarter 4, 2008 - Rural Water - Quarter 4, 2008 (Page 4) Rural Water - Quarter 4, 2008 - Contents (Page 5) Rural Water - Quarter 4, 2008 - Contents (Page 6) Rural Water - Quarter 4, 2008 - Contents (Page 7) Rural Water - Quarter 4, 2008 - From the President (Page 8) Rural Water - Quarter 4, 2008 - From the President (Page 9) Rural Water - Quarter 4, 2008 - From the President (Page 10) Rural Water - Quarter 4, 2008 - From the President (Page 11) Rural Water - Quarter 4, 2008 - From the President (Page 12) Rural Water - Quarter 4, 2008 - From the President (Page 13) Rural Water - Quarter 4, 2008 - Rural Water: Where are We Headed? (Page 14) Rural Water - Quarter 4, 2008 - Rural Water: Where are We Headed? (Page 15) Rural Water - Quarter 4, 2008 - Rural Water: Where are We Headed? (Page 16) Rural Water - Quarter 4, 2008 - The Future of Water in America (Page 17) Rural Water - Quarter 4, 2008 - The Future of Water in America (Page 18) Rural Water - Quarter 4, 2008 - The Future of Water in America (Page 19) Rural Water - Quarter 4, 2008 - Bank Collateral Controls in Nervous Times (Page 20) Rural Water - Quarter 4, 2008 - Bank Collateral Controls in Nervous Times (Page 21) Rural Water - Quarter 4, 2008 - Bank Collateral Controls in Nervous Times (Page 22) Rural Water - Quarter 4, 2008 - Bank Collateral Controls in Nervous Times (Page 23) Rural Water - Quarter 4, 2008 - Bottle of Water or Billion Dollar Bully? (Page 24) Rural Water - Quarter 4, 2008 - Bottle of Water or Billion Dollar Bully? (Page 25) Rural Water - Quarter 4, 2008 - Bottle of Water or Billion Dollar Bully? (Page 26) Rural Water - Quarter 4, 2008 - Bottle of Water or Billion Dollar Bully? (Page 27) Rural Water - Quarter 4, 2008 - Bottle of Water or Billion Dollar Bully? (Page 28) Rural Water - Quarter 4, 2008 - Bottle of Water or Billion Dollar Bully? (Page 29) Rural Water - Quarter 4, 2008 - Bottle of Water or Billion Dollar Bully? (Page 30) Rural Water - Quarter 4, 2008 - Bottle of Water or Billion Dollar Bully? (Page 31) Rural Water - Quarter 4, 2008 - Aqua Chocolate No Mas (Page 32) Rural Water - Quarter 4, 2008 - Aqua Chocolate No Mas (Page 33) Rural Water - Quarter 4, 2008 - Aqua Chocolate No Mas (Page 34) Rural Water - Quarter 4, 2008 - Aqua Chocolate No Mas (Page 35) Rural Water - Quarter 4, 2008 - Aqua Chocolate No Mas (Page 36) Rural Water - Quarter 4, 2008 - Aqua Chocolate No Mas (Page 37) Rural Water - Quarter 4, 2008 - Why Even Small Water Systems Should Have Personnel Policy Manuals (Page 38) Rural Water - Quarter 4, 2008 - Why Even Small Water Systems Should Have Personnel Policy Manuals (Page 39) Rural Water - Quarter 4, 2008 - Why Even Small Water Systems Should Have Personnel Policy Manuals (Page 40) Rural Water - Quarter 4, 2008 - Safe Drinking Water (Page 41) Rural Water - Quarter 4, 2008 - Safe Drinking Water (Page 42) Rural Water - Quarter 4, 2008 - Regulatory Update (Page 43) Rural Water - Quarter 4, 2008 - Regulatory Update (Page 44) Rural Water - Quarter 4, 2008 - Regulatory Update (Page 45) Rural Water - Quarter 4, 2008 - 2008 NRWA Industry Event (Page 46) Rural Water - Quarter 4, 2008 - 2008 NRWA Industry Event (Page 47) Rural Water - Quarter 4, 2008 - 2008 NRWA Industry Event (Page 48) Rural Water - Quarter 4, 2008 - 2008 NRWA Industry Event (Page 49) Rural Water - Quarter 4, 2008 - Throwing My Loop (Page 50) Rural Water - Quarter 4, 2008 - Throwing My Loop (Page 51) Rural Water - Quarter 4, 2008 - Throwing My Loop (Page 52) Rural Water - Quarter 4, 2008 - Throwing My Loop (Page 53) Rural Water - Quarter 4, 2008 - Throwing My Loop (Page 54) Rural Water - Quarter 4, 2008 - Throwing My Loop (Page 55) Rural Water - Quarter 4, 2008 - Throwing My Loop (Page 56) Rural Water - Quarter 4, 2008 - Throwing My Loop (Page 57) Rural Water - Quarter 4, 2008 - Throwing My Loop (Page 58) Rural Water - Quarter 4, 2008 - Throwing My Loop (Page 59) Rural Water - Quarter 4, 2008 - Throwing My Loop (Page 60) Rural Water - Quarter 4, 2008 - Advertisers.com (Page 61) Rural Water - Quarter 4, 2008 - Advertisers.com (Page 62) Rural Water - Quarter 4, 2008 - Index to Advertisers (Page 63) Rural Water - Quarter 4, 2008 - Index to Advertisers (Page 64) Rural Water - Quarter 4, 2008 - Index to Advertisers (Page 65) Rural Water - Quarter 4, 2008 - From the CEO (Page 66) Rural Water - Quarter 4, 2008 - From the CEO (Page Cover3) Rural Water - Quarter 4, 2008 - From the CEO (Page Cover4)
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