Blank Texas 00 132 Form

1. What is the Texas 00 132 form?

   The Texas 00 132 form is an application used for the deposit of securities with a custodian. This process is in accordance with section 404.031 of the Texas Government Code. It allows depositories to pledge securities that they own as collateral.

2. Who needs to complete this form?

   Any depository that wishes to deposit securities as collateral must complete this form. This includes banks and financial institutions that are legally and actually the owners of the securities they intend to pledge.

3. How should the form be submitted?

   The completed form must be emailed to [email protected]. It is essential to send a signed copy. If the application is accepted, the Comptroller will approve it and notify the custodian.

4. What information is required on the form?

   Key information includes:

   • Depository name and routing number
   • Custodian of securities and routing number
   • Description of securities, including CUSIP, maturity, interest rate, and par value

   Make sure to list each security by CUSIP, with a maximum of five securities per page.

5. What happens after the form is submitted?

   Upon acceptance, the Comptroller will approve the form and email a copy to the custodian. The custodian will then execute the form and return it along with a new safekeeping receipt to the Comptroller and to the depository.

6. What is a safekeeping receipt?

   A safekeeping receipt is a document that confirms the deposit of securities with a custodian. It serves as proof that the securities are held in a transferable form and are safe with the custodian.

7. What if there are issues with the form?

   If there are any issues or questions regarding the form, you can contact the Comptroller’s office directly at 512-463-5902 or 512-463-3875. They can provide guidance and assistance as needed.

8. How can I verify the status of my deposit?

   To verify the status of your deposit, you should reach out to the Comptroller’s office. They can provide updates on whether your application has been processed and if the securities have been successfully deposited.

9. What is the mailing address for the Comptroller’s office?

   The mailing address for the Comptroller of Public Accounts is:

   Comptroller of Public Accounts
   Treasury Operations, Rusk Bldg., Rm. 636
   P.O. Box 12608
   Austin, TX 78711-2608

   For inquiries, you can also email [email protected].

Completing the Texas 00 132 form requires attention to detail. One common mistake is failing to provide accurate information in the Depository Name and Routing (ABA) Number sections. Incorrect entries can lead to delays in processing and may result in the rejection of the application. It is essential to double-check these details to ensure they match the official records of the depository.

Another frequent error occurs when individuals neglect to list securities by their CUSIP numbers. Each security must be identified clearly, and a separate Safekeeping Receipt Number should be provided for each CUSIP. Omitting this information can complicate the tracking of securities and may hinder the approval process.

People often overlook the requirement for an authorized signature on the form. This signature is crucial as it confirms that the depository is legally and actually the owner of the securities. Without this, the form may be considered incomplete, and the application will not be processed. Ensure that the person signing has the appropriate authority to do so.

Finally, submitting the form without a proper review is a common mistake. It is advisable to verify all sections of the form before sending it to the Comptroller. Errors in any part of the application can lead to unnecessary delays or rejections. Taking the time to review the form thoroughly can save significant time and effort in the long run.

The Texas 00-132 form is essential for depositing securities with a custodian. However, several other forms and documents are often used in conjunction with it. Below is a list of these documents, along with a brief description of each. Understanding these forms can help ensure a smooth process.

• Texas 00-131 Form: This form is used for the withdrawal of securities from a custodian. It provides necessary details about the securities being withdrawn and ensures proper documentation is maintained.
• Safekeeping Receipt: This document serves as proof that the securities have been deposited with a custodian. It outlines the specifics of the securities, including their CUSIP numbers and values.
• Custodian Agreement: This agreement outlines the responsibilities and obligations of the custodian in managing the securities. It ensures that both parties understand their roles in the safekeeping process.
• Collateral Agreement: This document details the terms under which collateral is pledged. It is crucial for establishing the legal framework for the securities being deposited as collateral.
• Authorization Letter: This letter grants permission for a custodian to act on behalf of the depositor. It is important for confirming that the custodian has the authority to manage the securities.

Each of these documents plays a significant role in the process of depositing securities. By ensuring that all necessary forms are completed and submitted, you can facilitate a more efficient transaction. Always keep copies of all documents for your records.

The Texas 00-132 form serves as an application for the deposit of securities with a custodian. It ensures compliance with specific state regulations. Several other documents share similarities with this form in purpose and function. Below are four such documents:

• Texas 00-134 Form: This form is used for the pledge of collateral for public funds. Like the 00-132, it requires detailed information about the securities being pledged, ensuring transparency and compliance with state laws.
• Texas 00-135 Form: This document pertains to the release of pledged securities. It functions similarly to the 00-132 by documenting the transfer of securities, ensuring that all parties involved are informed and that proper records are maintained.
• Texas 00-136 Form: This form is utilized for the substitution of collateral. It allows a depository to replace one set of pledged securities with another, similar to how the 00-132 facilitates the initial deposit of securities while maintaining regulatory compliance.
• Texas 00-137 Form: This document is for the verification of securities held in safekeeping. Like the 00-132, it confirms the status and details of securities, ensuring that all records are accurate and up to date for both the custodian and the depository.

When filling out the Texas 00-132 form, it is essential to follow specific guidelines to ensure the application is processed smoothly. Below is a list of things to do and avoid.

• Do print the form clearly and legibly.
• Do include all required information, such as the depository name and routing number.
• Do list each security by CUSIP, ensuring you provide a separate safekeeping receipt number for each.
• Do sign the form and include your title and contact information.
• Don't leave any sections blank; incomplete forms may be rejected.
• Don't submit more than five securities per page, as it may complicate processing.
• Don't forget to email a signed copy to the designated email address.
• Don't assume that verbal confirmations are sufficient; always obtain written approval from the Comptroller.

Understanding the Texas 00-132 form can be challenging due to common misconceptions. Here are seven prevalent misunderstandings about this form, along with clarifications to help you navigate the process more effectively.

• Misconception 1: The form is only for large financial institutions.

This is not true. While larger institutions may frequently use the form, it is available for any depository that needs to deposit securities, regardless of size.

• Misconception 2: Only state-owned securities can be deposited.

In fact, both state and pooled collateral can be deposited. The form accommodates various types of securities.

• Misconception 3: The form must be submitted in person.

Submitting the form via email is acceptable. A signed copy should be emailed to the designated address, streamlining the process.

• Misconception 4: The custodian is responsible for completing the entire form.

While the custodian plays a role, it is primarily the responsibility of the depository to fill out the form accurately before submission.

• Misconception 5: There is no limit to the number of securities that can be listed.

The form allows for a maximum of five securities per page. Additional pages can be used if more securities need to be listed.

• Misconception 6: Once submitted, the form cannot be modified.

If changes are necessary, the depository can communicate with the Comptroller’s office to request modifications before final approval.

• Misconception 7: The safekeeping receipt is not important.

The safekeeping receipt is crucial as it serves as proof of the deposit and must be retained for record-keeping purposes.

When filling out the Texas 00 132 form for the deposit of securities, there are several important points to keep in mind. Understanding these key takeaways can help ensure a smooth process.

• Form Submission: Complete the form accurately and email one signed copy to [email protected].
• Approval Process: If the application is accepted, the Comptroller will send an approved copy to the custodian.
• Custodian Responsibilities: The custodian must execute and return one copy of the deposit form and a new safekeeping receipt to the Comptroller.
• Depository Information: Clearly provide the depository name, routing number, and city on the form.
• Securities Listing: List each security by CUSIP, including its description, maturity date, interest rate, and par value.
• Collateral Type: Indicate whether the securities are state collateral or pooled collateral by checking the appropriate box.
• Legal Ownership: The depository must confirm that it is the legal and actual owner of the securities, free from any liens or claims.
• Contact Information: Provide accurate contact details, including phone number and title, for any follow-up communication.
• Custodian's Authorization: The custodian must certify that the securities are in transferable form and send the necessary documents back to the Comptroller.

By following these guidelines, individuals can navigate the process of filling out and utilizing the Texas 00 132 form effectively. Ensuring that all information is complete and accurate will facilitate timely processing and compliance with state regulations.