District Maintains Collateral Agreement With Bank of NY
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Description
Bethpage Water District reported maintaining a tri-party collateral agreement with Capital One and Bank of NY at 105% to protect District deposits. The arrangement secures public funds beyond standard coverage limits.
Contract Details
Vendor
BANK OF NY
Agency
Bethpage Wd, NY
Contract Type
FINANCIAL_SERVICES
Document Date
January 29, 2026
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