Logicpath Insights

Learn more about the latest industry best practices, news, and topics with a fresh perspective inspired by logicpath’s technology and innovation.

Browse by category

Why Deposit Reclassification is Important to Financial Institutions

Deposit Reclassification | Retail Sweep Program | Federal Reserve Balance

Aug 2, 2018

Deposit Reclassification is important to community banks and credit unions, especially in a rising interest rate market, because it allows them to reclaim your Federal Reserve balance, and invest that money into your institution and community.

When Should I Implement Deposit Reclassification?

Deposit Reclassification | Federal Reserve Balance

Mar 29, 2018

A FIs motivation to implement deposit reclassification depends on costs vs benefits. Implementing Deposit Reclassification makes sense at all times, but is even more important when interest rates are rising and expected to continue to rise, when deposits increase, or before mergers or acquisitions.

Working Together - Regulation D and Deposit Reclassification

Regulations | Deposit Reclassification | Federal Reserve Balance

Sep 7, 2017

Deposit Reclassification, also known as a retail sweep program, allows financial institutions to reduce their Federal Reserve Bank reserve requirement.