Public Hearing on BAN 1450 Readoption Regarding Risk Classification and Acceptable Collateral for Public Funds Deposits
Summary
The New Hampshire Banking Department proposes to readopt with amendment BAN 1450, which classifies deposits by risk level and defines acceptable collateral for securing public funds deposits. A public hearing is scheduled for May 14, 2026 from 1:00 PM to 2:00 PM at the department's Concord office. The proposed rule changes are available on the department's Laws, Rules and Guidance webpage.
What changed
The New Hampshire Banking Department is proposing to readopt with amendment BAN 1450, which establishes risk classifications for deposits and specifies acceptable collateral types that may be used to secure deposits of public funds. The readoption with amendment indicates modifications to existing collateral requirements.\n\nBanks and credit unions in New Hampshire that hold public funds deposits will need to monitor these proposed changes as they may affect collateralization requirements and risk classification procedures. Entities doing business with public funds should review the proposed changes and participate in the May 14, 2026 hearing to provide input on the amended rules.
What to do next
- Submit comments or attend the public hearing on May 14, 2026 from 1:00 PM to 2:00 PM at 53 Regional Drive, Suite 200, Concord, NH 03301
- Review the proposed rule changes on the Laws, Rules and Guidance page before the hearing
Archived snapshot
Apr 17, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
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- Banking Department to hold public hearing on readoption of BAN 1450, relating to risk and acceptable collateral used to secure deposits of public funds
Announcement For Immediate Release Posted: April 16, 2026
Contact Ian Clark, Public Information Officer
(603) 271-4865 | ian.m.clark@banking.nh.gov
Banking Department to hold public hearing on readoption of BAN 1450, relating to risk and acceptable collateral used to secure deposits of public funds
The Banking Department is proposing to readopt with amendment Ban 1450, which classifies by risk and defines the appropriate and acceptable collateral that may be used to secure deposits of public funds.
A public hearing will take place on May 14, 2026 from 1:00 PM to 2:00 PM at the New Hampshire Banking Department, 53 Regional Drive, Suite 200, Concord, NH 03301.
The proposed rule changes can be found at the bottom of our Laws, Rules and Guidance page.
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