Which of the following would NOT qualify as a cash deposit for custodial credit risk disclosure?

Guaranteed investment contracts (GICs) do not qualify as cash deposits for custodial credit risk disclosure because they are considered investment agreements rather than cash or cash equivalents. GICs are typically issued by insurance companies and provide a guaranteed return on investment over a specified period. Since they are not liquid assets that can be easily converted into cash without potential penalties or market risk, they do not meet the criteria for cash deposits.

In the context of custodial credit risk, the focus is on how well cash holdings are protected against loss or default by financial institutions. Cash deposits are generally expected to be immediately accessible and secure. Nonnegotiable certificates of deposit, NOW accounts, and bank investment contracts generally provide higher liquidity or cash-like qualities that better fit the definition and purpose of cash deposits in this regard. Therefore, GICs, while they may offer safety of principal and fixed returns, do not align with the nature of cash deposits needed for custodial credit risk disclosure.