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Everything You Need to Know About Deposit Reclassification

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Everything You Need to Know About Deposit Reclassification

Duration: 45 minutes

Presented By: Kelly MacConnell of logicpath

Deposit Reclassification, also known as a retail sweep program, is a Federal Reserve Board acknowledged practice that reduces your reserve requirement through classifying your institution’s checking accounts as savings, which are not subject to reserve requirements.

Federal Reserve Balances behave as an illiquid asset, earning minimal interest (Fed Funds). Your institution can convert these assets with Deposit Reclassification into earning assets with a much better rate of return – perhaps with commercial, mortgage, and consumer loans, or higher yielding securities in your investment portfolio.

Join us for the webinar Everything You Need to Know About Deposit Reclassification to learn how Deposit Reclassification helps you reclaim your Fed Balance due to reserve requirements and the necessary compliance requirements to implement a successful program.

  • What is Deposit Reclassification?
  • How does Deposit Reclassification work?
  • Adherence to FRB Guidelines and Regulation D Requirements

Please register by clicking one of the dates and times below:

    Register for Wed Jun 19 @ 3 pm Deposit Reclassification Webinar  Register for Wed Jun 21 @ 12 pm Deposit Reclassification Webinar

 

Everything You Need to Know About Deposit Reclassification

Duration: 45 minutes

Presented By: Kelly MacConnell of logicpath

Deposit Reclassification, also known as a retail sweep program, is a Federal Reserve Board acknowledged practice that reduces your reserve requirement through classifying your institution’s checking accounts as savings, which are not subject to reserve requirements. 

Federal Reserve Balances behave as an illiquid asset, earning minimal interest (Fed Funds). Your institution can convert these assets with Deposit Reclassification into earning assets with a much better rate of return – perhaps with commercial, mortgage, and consumer loans, or higher yielding securities in your investment portfolio.

Join us for the webinar Everything You Need to Know About Deposit Reclassification to learn how Deposit Reclassification helps you reclaim your Fed Balance due to reserve requirements and the necessary compliance requirements to implement a successful program.

Remember:

  • What is Deposit Reclassification?
  • How does Deposit Reclassification work?
  • Adherence to FRB Guidelines and Regulation D Requirements

Please register by clicking one of the dates and times below: