Top FAQ on Deposit Reclassification - Part 2

Jan 10, 2019

Deposit Reclassification is the process of reclassifying transaction accounts into sub-checking and sub-savings accounts. In this FAQ, I answer what threshold percentages are, and how Deposit Reclassification impacts call reporting and peer-to-peer review.

What is the Impact of Disclosure with Deposit Reclassification?

Deposit Reclassification

Dec 20, 2018

Due to recent incidents and ongoing problems, financial institutions are often intimidated by the impact on disclosure. However, most financial institutions’ terms and conditions require notification to current customers about any changes to their account, including the reclassifying of funds into savings and checking sub-accounts, also known as Deposit Reclassification

Top Three Features to Look for in a Retail Sweep Program

Deposit Reclassification

Nov 29, 2018

Retail sweep programs help banks and credit unions recover their Federal Reserve balances due to reserve requirements, through reclassifying transaction accounts as savings accounts. This blog discusses the top features to look for in a retail sweep program.

The History of Deposit Reclassification

Deposit Reclassification

Aug 9, 2018

Nicholas Ceto Jr. pioneered Deposit Reclassification, a retail sweep program that helps financial institutions improve profitability by quickly recovering its Federal Reserve balance due to reserve requirements.

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.

Deposit Reclassification vs. other Retail Sweep Programs

Deposit Reclassification | Retail Sweep Program

Mar 22, 2018

Deposit Reclassification, commonly referred to as retail sweep programs, helps FIs recover their Federal Reserve balances due to reserve requirements and quickly improve profitability. . While the mechanism of Deposit Reclassification is well laid out, not all Retail Sweep programs are equal.

Top 3 FAQ on Deposit Reclassification

Deposit Reclassification

Sep 21, 2017

Deposit Reclassification or retail sweep programs - it seems too good to be true!

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.

Recover Your Federal Reserve Balance and Improve Profitability within 60 days... Here's How!

Vault Cash | Profitability | Federal Reserve | Deposit Reclassification

Aug 24, 2017

Depository institutions, such as banks and credit unions, can significantly reduce their reserve requirements and eliminate balances held at the Fed.

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