Safekeeping and Pledging Services
BND provides a safekeeping service for U.S. Treasury securities, federal agency securities, corporate bonds, tax-free bonds, money market investments and mortgage-backed securities. This service includes the receipt and delivery of securities, the timely payment of principal and interest, and the processing of transactions.
BND will hold securities for correspondents’ banks and financial institutions. Our service includes processing all interest and principal payments.
BND will hold investments pledged as security for the repayment of public deposits. As part of this service, BND will assist with the execution of the Pledge Agreement that is required for designated public deposits.
In accordance with North Dakota Century Code Section 21-04-09, BND will hold a pool of securities pledged to several pledgees. Pledge Pool Agreements with proper signature pages are provided by BND.
Confirmations for all trade activity, principal and interest payments, and month end asset holdings are all available on-line.
Delivery Instructions
Fed Book Entry
Bank of ND Bismarck/1020
ABA #091300285
Other Book Entry
Depository Eligible DTC Book Entry
JP Morgan Chase
Institutional ID #18138
DTC Participant Account No. 902
Reference: G54194
Reference: Bank of North Dakota
Agent Bank Number: 00902
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