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Method, system and apparatus for increasing the deposit-based assets of banking institutions subject to fractional-reserve banking

  • US 20080097900A1
  • Filed: 04/24/2007
  • Published: 04/24/2008
  • Est. Priority Date: 10/24/2006
  • Status: Active Grant
First Claim
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1. A system for increasing the asset base of a banking institution having a first and second account captive therein for fractional-reserve banking, comprising:

  • (a) a portable device for encrypted containment of currency amounts linked to the first account at the banking institution and enabled to perform commercial transactions that affect the balance of the first account;

    (b) a node device for encrypted containment of currency amounts linked to the second account at the banking institution and enabled to perform commercial transactions that affect the balance of the second account;

    (c) an encrypted interface between said portable device and said node device for communication therebetween to accurately affect a commercial transaction between the two that comprises a credit to one and a debit to the other;

    (d) transacting a commercial transaction between the two devices such that one of the accounts is debited for the transaction a specific amount and the other account is credited said specific amount debited commensurate with the commercial transaction; and

    (e) communicating the transaction to the banking institution such that the balances of each respective account are properly credited and debited in accordance with the commercial transaction.

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