Federal Funds Programs
Agent Federal Funds Program
Our Agent Federal Funds program allows for the automatic, overnight sweep of excess funds in $1,000 increments from your ICBB DDA. This program saves you time and frustration when it comes to analyzing your investable position. A daily snapshot bank statement and real-time account information is also available throughout the business day. Agent Federal Fund interest is accrued and paid daily to your ICBB DDA Account.
Federal Funds + Program
Fed Funds + is our newest enhancement to the Agent Federal Funds Program offering an alternative investment option for overnight excess balances.
- Managed Account Services by ICBB as your EBA Agent
- Daily EBA Reporting via BBCONNECT
- Eliminates Concentration Risk
- Protects Against Negative Secondary Market Rates
- EBA Balances are Zero Risk Weighted for Regulation F Reporting
- No Risk Investment Option