Federal Funds
Bankers' Bank offers a fully disclosed agent federal funds program designed for maximum security of overnight investments through geographic and institutional diversification. The program mitigates concentration and saves the expense of multiple sales and wire transfers.A principle Fed Funds program is also available.
Advantages
- Funds are administered through one account
- Funds are sold overnight to other FDIC insured, domestic institutions.
- Purchasing institutions are subject to quarterly financial analysis and daily monitoring for safety and soundness. (Financial analysis of eligible institutions are furnished upon request.)
- Daily electronic advices report purchasing institutions, terms, and rates.
- Low cost - 1/8 of 1% ($3.47 per million with a $3.00 minimum)
- Utilization of Excess Balance Account (EBA) into the Agent Fed Funds Program.
Competitive Rate Comparisons
Bankers' Bank's Agent Fed Funds rate is competitive to the market. Contact your Correspondent Officer for comparative rates.
The following documents are in Adobe Acrobat(PDF) format and require Acrobat Reader. If you do not have Adobe installed, please click on the icon for a free download.For more information about Federal Funds, please contact Wendy Stanford, First Vice President of Operations or call 800-677-5549.
NOTE: All products and services represented on this page are not FDIC-insured, are not guaranteed by this financial institution, are not obligations of this financial institution, and involve risk including possible loss of principal.
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