Position deposits for optimal lending and investing

Generate additional income opportunities by making more funds available for lending and investment purposes. With Demand Account Reclassification, you can reclassify demand deposit account balances as savings deposits, reducing the total amount of customer deposits the Federal Reserve Bank (FRB) requires to be on reserve.

Demand Account Reclassification – Deposit reporting solution

Demand Account Reclassification enables banks to reduce the total amount of customer deposits the FDIC requires to be on reserve by reclassifying deposit account balances as money market or time account funds. Bank-defined parameters control minimum account balances or the minimum percentage for reclassification, and the required general ledger entries are automatically generated. Reducing the required reserve amounts generates additional income opportunities by making more funds available for lending and investment purposes.

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