Okla. Stat. tit. 40, § 40-3-606: Benefit account

BENEFIT ACCOUNT. The benefit account shall consist of all

moneys requisitioned from this state's account in the unemployment

trust fund in the United States Treasury. Moneys in the clearing

and benefit account may be deposited in any depository bank in which

general funds of the state may be deposited, but no public deposit

insurance charge or premium shall be paid out of the fund. Moneys

in the clearing and benefit accounts shall not be commingled with

other state funds, but shall be maintained in separate accounts on

the books of the depository bank. Such moneys shall be secured by

said depository bank by collateral in the full amount of funds on

deposit. Such security shall consist of (1) United States

Government obligations, direct or guaranteed, and (2) direct

obligations of the State of Oklahoma. Such collateral security

shall be pledged at not to exceed the face value of the obligation

and shall be kept separate and distinct from any collateral security

pledged to secure other funds of the state. The State Treasurer

shall be liable on his official bond for the faithful performance of

his duties in connection with the unemployment compensation fund.

Such liability on the official bond shall be effective immediately

upon the enactment of this provision, and such liability shall exist

in addition to any liability upon any separate bond existent on the

effective date of this provision, or which may be given in the

future. All sums recovered for losses sustained by the fund shall

be deposited therein.