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- Your available funds are fully invested daily.
- Your account is reviewed daily and adjusted
for the day’s activity.
- All funds in excess of an established target
balance are invested.
- Your account can be automatically swept down
to $1,000 to ensure maximum yield on your funds.
- You are notified of your Fed Funds settlement
position daily.
- Maximize your financial institution’s
cash position.
- Lower your costs, increase your funds availability,
and improve earnings by having greater liquidity to invest.
- Deposit your daily cash letter at a Federal
Reserve Bank or branch.
- Community Bankers' Bank settles your daily
activity and assumes all the risks of daylight overdrafts.
- You have the option to deposit your cash
letter at one of our upstream correspondent locations in Richmond,
Baltimore, or Charlotte.
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- Community Bankers' Bank accepts your excess
liquidity “as an agent” and sells to a number
of highly rated upstream banks and community respondent
banks whose credit criteria is reviewed quarterly.
- Individual banks’ funds are consolidated
into large blocks of funds to attract higher rates and to
minimize risk.
- You do not incur wire transfer fees or
long distance telephone charges.
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- Community Bankers' Bank purchases excess
liquidity as principal on a limited basis.
- These funds are used to fund our short-term
investments.
- Process drafts and wires in over 30 currencies
- Process cash letters containing foreign currency
checks and drafts
- Process U.S. dollar items drawn on Canadian
Banks (provisional credit in 3 to 5 days)
- Client banks may submit foreign checks and
drafts that do not qualify as cash letters for collection and
final payment (you receive credit upon final collection, usually
3-5 weeks).
- Purchase more than 120 currencies or travelers
checks for your customers with delivery in less than a week
Our simple to use, state-of-the-art web-based
system allows your financial institution to exchange information
with Community Bankers' Bank over the Internet and to gain access
to our Fedline System in order to accomplish a variety of activities
involving:
- Wire transfers
- ACH and MICR delivery
- ACH returns
- Large dollar notifications
- Coin and currency orders and shipping
- TT&L payments
- Savings bond ordering
- CBB statement delivery
- FRB statement delivery
- Access your CBB DDA and bond portfolio accounting
report
- View daily statements, transaction history,
and Fed Funds rates
- Make available to multiple locations
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