System and method for managing aggregated accounts

• US 7,752,107 B1
• Filed: 03/21/2007
• Issued: 07/06/2010
• Est. Priority Date: 02/28/2007
• Status: Active Grant

• Current Assignee: Island Intellectual Property LLC (Double Rock Corporation)
• Original Assignee: Island Intellectual Property LLC (Double Rock Corporation)
• Inventors: Bent, Bruce, Bent, Bruce II
• Primary Examiner(s): Cheung; Mary
• Assistant Examiner(s): AMELUNXEN, BARBARA J
• Application Number:
  US11/689,247
• Time in Patent Office: 1,203 Days
• Field of Search: 235/380, 705/1, 705/10, 705/35, 705/36, 705/38, 705/39, 705/40
• US Class Current: 705/35
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A method, program product and system for managing a group of aggregated accounts, each aggregated account held in a different one of a plurality of deposit institutions, each of the aggregated accounts associated with at least one financial entity and holding funds of a plurality of clients of the at least one financial entity, each of the clients having a client asset balance in a respective client account associated with the at least one financial entity, the method comprising: (1) allocating fund deposits to and fund withdrawals from the aggregated accounts, the step of allocating comprising: (a) calculating an aggregated transaction amount based on a total net transaction from among the plurality of the client accounts during a period of time; (b) selecting at least one aggregated account from among the group of aggregated accounts associated with the at least one of the financial entities in the different deposit institutions to which to deposit or to withdraw funds based, at least in part, on determining a relationship between a respective amount of net assets in the at least one of the aggregated accounts and a minimum cap or a maximum cap; and (2) withdrawing funds from or depositing funds to the at least one of the aggregated accounts based on the allocation.

Claims

1. A method for managing a plurality of Federal Deposit Insurance Corporation (FDIC)-insured, interest-bearing aggregated accounts held in a plurality of deposit institutions, comprising:

(A) accessing, by one or more computers, one or more electronic databases, stored on one or more computers-readable media, the one or more databases comprising;

(1) aggregated account information for each of a plurality of FDIC-insured and interest-bearing aggregated accounts held in a plurality of deposit institutions, with each deposit institution holding one or more of the aggregated accounts, each aggregated account holding funds of client transaction accounts of a plurality of clients, the aggregated account information comprising;

(i) a respective amount of net assets held in each of a plurality of the respective aggregated accounts;

(ii) for each respective one of a plurality of the deposit institutions, at least one respective minimum cap associated in the one or more databases with at least one of the one or more aggregated accounts held in the respective deposit institution, with the minimum cap comprising a minimum amount of assets to be held; and

(iii) for each respective one of the plurality of the deposit institutions having a minimum cap in (ii), at least one respective maximum cap associated in the one or more databases with the at least one of the one or more aggregated accounts held in the respective deposit institution having a minimum cap, with the maximum cap comprising a maximum amount of assets to be held;

(2) client transaction account information for each of the respective client transaction accounts comprising;

(i) a respective balance in the respective client transaction account;

(ii) transaction data for the respective client transaction account; and

(iii) a respective balance of funds from the respective client transaction account held in each of one or more of the insured and interest-bearing aggregated accounts holding funds of the client transaction account; and

(B) obtaining, by one or more computers, transaction data for clients'"'"' deposits/transfers to and withdrawals/transfers from a plurality of said client transaction accounts for a sub-period of a period of time, said transaction data comprising transaction data for one or more deposits/transfers for one or more client transaction accounts and/or transaction data for one or more withdrawals/transfers from one or more of said client transaction accounts, with the transaction data comprising a respective amount for each respective deposit/transfer and each respective withdrawal/transfer;

(C) calculating, by the one or more computers, an aggregated transaction amount based on a total net transaction from the transaction data for a plurality of the client transaction accounts occurring during the sub-period of time;

(D) setting, by the one or more computers, for each of a plurality of the deposit institutions, the respective maximum deposit cap equal to the respective minimum deposit cap for the at least one aggregated account in the respective deposit institution;

(E) allocating, by the one or more computers, the aggregated transaction amount to or among one or more of the aggregated accounts, the step of allocating comprising;

(1) selecting at least one of the deposit institutions from among the plurality of deposit institutions to which to deposit/transfer or to withdraw/transfer at least a portion of the aggregated transaction amount for the sub-period based, at least in part, on a respective amount of net assets held in the at least one of the one or more aggregated accounts held in the respective deposit institution relative to the minimum cap and the maximum cap for that respective aggregated account, but by-passing withdrawals of funds from and deposits of funds to each aggregated account of the plurality of aggregated accounts that has its respective maximum deposit cap set equal to its respective minimum deposit cap if the net assets for the respective aggregated account are substantially equal to or greater that the minimum cap for that respective aggregated account;

(2) allocating the at least a portion of the aggregated transaction amount to the at least one of the one or more aggregated accounts in the selected deposit institution so that a balance of funds held in the deposit institution in or among the one or more aggregated accounts held therein is less than or equal to the maximum cap and greater than or equal to the minimum cap for that respective deposit institution;

(3) allocating, by the one or more computers, client asset balances in the client transaction accounts among a plurality of the aggregated accounts to match the allocation of the aggregated transaction amount;

(F) generating instructions, by the one or more computers, to deposit/transfer funds to or withdraw/transfer funds from the at least one aggregated account to cause a transfer of the aggregated transaction amount for the sub-period; and

(G) updating, by the one or more computers, one or more of the electronic databases with data for each of a plurality of the client transaction accounts, with the data for each of the client transaction accounts comprising a respective balance of funds of the respective client transaction account held in each of one or more of the deposit institutions holding funds of the respective client transaction account.

2. The method of claim 1, further comprising selecting the at least one aggregated account based on a priority requirement that credits are first to be allocated to a given one of the aggregated accounts until the amount of net assets for the given one of the aggregated accounts reaches or exceeds a respective minimum cap associated with the given one of the aggregated accounts.

3. The method of claim 2, further comprising increasing, by the one or more computers, at least one of the minimum cap and the maximum cap associated with the given one of the aggregated accounts to increase the amount of net assets at the selected deposit institution.

4. The method of claim 3, further comprising increasing, by the one or more computers, the minimum cap associated with the given one of the aggregated accounts automatically.

5. The method of claim 4, further comprising increasing, by the one or more computers, the minimum cap associated with the given one of the aggregated accounts automatically based on a criterion.

6. The method of claim 5, wherein the criterion is a time period.

7. The method of claim 6, wherein the criterion is reaching a new level of net assets in the given one of the aggregated accounts.

8. The method of claim 6, wherein the criterion is that an amount of a capital usage level has reached a predetermined amount.

9. The method of claim 1, further comprising

decreasing, by the one or more computers, the maximum cap associated with a given one of the aggregated accounts to a new lower maximum cap;

and

selecting, by the one or more computers, the at least one aggregated account based on a priority requirement that debits are first to be allocated to the given one of the aggregated accounts until the amount of net assets for the given one of the aggregated accounts drops to or below the new lower maximum cap associated with the given one of the aggregated accounts.

10. The method of claim 9, further comprising decreasing, by the one or more computers, the minimum cap associated with the given one of the aggregated accounts to decrease the amount of net assets at the selected deposit institution.

11. The method of claim 10, further comprising decreasing, by the one or more computers, the maximum cap associated with the given one of the aggregated accounts automatically.

12. The method of claim 11, further comprising decreasing, by the one or more computers, the maximum cap associated with the given one of the aggregated accounts automatically based on a criterion.

13. The method of claim 12, wherein the criterion is a time period.

14. The method of claim 12, wherein the criterion is a balance dropping to a new level of net assets in the given one of the aggregated accounts.

15. The method of claim 12, wherein the criterion is that an amount of a capital usage level has dropped to a predetermined amount.

16. The method of claim 1, wherein the selecting step is performed at least in part by determining a relationship between respective net assets in each of a plurality of the aggregated accounts and a respective minimum deposit cap associated with each of the plurality of the respective aggregated accounts.

17. The method of claim 16, wherein the selecting step selects a plurality of the aggregated account from among the plurality of aggregated accounts to which to deposit or to withdraw funds.

18. The method of claim 1, wherein the selecting step is performed at least in part by determining a relationship between a respective amount of net assets in one of the at least one of the aggregated accounts in the plurality of aggregated accounts and a respective minimum deposit cap.

19. The method of claim 18, wherein the allocating step further comprises allocating a respective amount to one of the at least one aggregated accounts based at least in part on the relationship between the respective amount of net assets in the one aggregated account held at that deposit institution and the respective minimum deposit cap.

20. The method of claim 19, wherein the allocating respective amount step allocates the respective amount to the one aggregated account based, at least in part, on the relationship between the respective amount of net assets in the at least one aggregated account and both the respective minimum deposit cap and the respective maximum deposit cap for that aggregated account in that deposit institution.

21. The method of claim 18, wherein the relationship is whether the amount of net assets in the at least one aggregated account is below the respective minimum cap.

22. The method of claim 18, wherein the relationship comprises whether the amount of net assets in the one aggregated account held at that deposit institution is below the respective minimum cap, and further comprises, if these net assets are above the respective minimum cap, whether the amount of net assets in the aggregated account held at that deposit institution is below a respective maximum cap.

23. The method of claim 18, wherein the relationship is how far the net assets in the one aggregated account held at that respective deposit institution are below or above the respective minimum cap.

24. The method of claim 18, further comprising allocating client asset balances in the client transaction accounts among a plurality of the aggregated accounts to match the allocation of the aggregated transaction amount to the selected at least one aggregated account.

25. The method of claim 1, wherein the allocating step further comprises selecting the at least one deposit institution to which to deposit or to withdraw funds based, at least in part, on one or more rules.

26. The method of claim 25, wherein one rule of the one or more rules comprises limiting a number of withdrawals from each of the aggregated accounts in the plurality over a time period to a predetermined number.

27. The method of claim 25, wherein one rule of the one or more rules comprises limiting net assets of a client in at least one of the aggregated accounts held at a given deposit institution to less than a predetermined amount.

28. The method of claim 1, wherein the allocating client asset balances in the client transaction accounts among a plurality of the aggregated accounts is performed only one time per day to substantially match the most recent allocation of the aggregated transaction amount to the selected at least one aggregated account.

29. The method of claim 1, wherein the calculating an aggregated transaction amount comprises:

receiving, by the one or more computers, a sweep file associated with at least one financial entity, the sweep file comprising fund deposits and/or fund withdrawals from a plurality of the client transaction accounts associated with the at least one financial entity;

posting, by the one or more computers, the fund deposits and/or the fund withdrawals and any other instructions in said sweep file associated with plurality of client transaction accounts of the at least one financial entity; and

determining, by the one or more computers, the total net transaction for the sweep file.

30. The method of claim 1, wherein at least one of the aggregated accounts has its respective maximum deposit cap set equal to its respective minimum deposit cap, and wherein the step of selecting further comprises by-passing withdrawals of funds from and deposits of funds to the at least one aggregated account that has its respective maximum deposit cap set equal to its respective minimum deposit cap if the net assets for this aggregated account are substantially equal to or greater than the minimum cap for that aggregated account.

31. The method of claim 1, wherein the plurality of client transaction accounts is associated with a program, and wherein the step of withdrawing funds further depends on predefined program rules associated with the program, the predefined program rules comprising rules relating to one or more of the following:

level of FDIC insurance provided by the program, total client transaction account balance, the one or more deposit institutions attached to the client transaction account and the client transaction account balance at each deposit institution, and whether or not the client has chosen to opt out of one or more of the deposit institutions.

32. The method of claim 1, wherein the plurality of client accounts is associated with a program, and wherein the step of withdrawing funds further depends on predefined program rules associated with the program, the predefined program rules comprising rules relating to one or more of the following:

level of FDIC insurance provided by the program, total client account balance, the one or more deposit institutions attached to the client account and the client account balance at each deposit institution, and whether or not the client has chosen to opt out of one or more of the deposit institutions.

33. The method as defined in claim 1,

wherein the one or more electronic databases comprise information on a plurality of financial entities, with each respective one of the financial entities electronically associated in the one or more databases with a respective set of one or more of the client transaction accounts, wherein each of a plurality of the financial entities has electronically associated therewith in the one or more data bases at least a respective one of the aggregated accounts in each of a plurality of the deposit institutions which holds only funds of the respective client transaction accounts of the respective financial entity, and further comprising:

the obtaining step comprising receiving, by the one or more computers, a sweep file associated with one of the financial entities, the sweep file comprising transaction data for one or more deposits/transfers for one or more client transaction accounts associated with the one financial entity and/or transaction data for one or more withdrawals/transfers from one or more of said client transaction accounts associated with the one financial entity,

the selecting step comprising selecting one of the deposit institutions holding one of the aggregated accounts that holds funds only of the financial entity; and

the generating instructions step comprising generating instructions to deposit/transfer funds to or withdraw/transfer funds from, the one of the aggregated accounts that holds funds only of the financial entity, to cause a transfer of the aggregated transaction amount for the sub-period.

34. The method as defined in claim 1,

wherein the one or more electronic databases comprise information on a plurality of financial entities, with each respective one of the financial entities electronically associated in the one or more databases with a respective set of one or more of the client transaction accounts, wherein each of a plurality of the financial entities has electronically associated therewith in the one or more data bases at least a respective one of the aggregated accounts in each of a plurality of the deposit institutions which holds only funds of the respective client transaction accounts of the respective financial entity, and further comprising:

the obtaining step comprising receiving, by the one or more computers, a sweep file associated one of the financial entities, the sweep file comprising transaction data for one or more deposits/transfers for one or more client transaction accounts associated with the one financial entity and/or transaction data for one or more withdrawals/transfers from one or more of said client transaction accounts associated with the one financial entity,

the selecting step comprising selecting one of the deposit institutions holding one of the aggregated accounts that holds funds only of the financial entity; and

the generating instructions step comprising generating instructions to deposit/transfer funds to or withdraw/transfer funds from, the one of the aggregated accounts that holds funds only of the financial entity, to cause a transfer of the aggregated transaction amount for the sub-period.

35. The method of claim 34, wherein the step of allocating further comprises a step of, for the at least one financial entity, reporting, by one or more computers, information regarding a net transaction activity associated with the client transaction accounts of the at least one financial entity, wherein the step of reporting includes generating a deposit institution allocation report for a deposit institution comprising information regarding one or more of the following:

an amount of the net transaction activity required for the corresponding deposit institution, and a reason for the net transaction activity required for the corresponding deposit institution.

36. The method as defined in claim 1,

wherein the one or more electronic databases comprises information on a plurality of financial entities, with each respective one of the plurality financial entities electronically associated in the one or more databases with a respective set of one or more of the client transaction accounts, and including information that at least one of the aggregated accounts in each of a plurality of the deposit institutions holds funds of the client transaction accounts of the financial entity,

the step of obtaining comprises receiving, by the one or more computers, a plurality of sweep files, each sweep file associated with a different one of the financial entities, with each respective sweep file comprising transaction data for one or more deposits/transfers for one or more client transaction accounts associated with the respective financial entity and/or transaction data for one or more withdrawals/transfers from one or more of said client transaction accounts associated with the respective financial entity,

the step of allocating client asset balances in the client transaction accounts among a plurality of the aggregated accounts to match the allocation of the aggregated transaction amount comprises allocating client asset balances in the client transaction accounts so that at least one aggregated account holds the client asset balances of client transaction accounts associated electronically in the one or more databases with a plurality of the financial entities;

and

the step of generating instructions comprises generating instructions to deposit/transfer funds to or withdraw/transfer funds from, the at least one aggregated account that holds the client asset balances of client transaction accounts associated electronically with the plurality of the financial entities, to cause a transfer of the aggregated transaction amount for the sub-period.

37. The method as defined in claim 1, further comprising adjusting the value of both the minimum cap and the maximum cap for one of the aggregated accounts.

38. The method as defined in claim 37, wherein the value of both the minimum cap and the maximum cap are adjusted automatically by the one or more computers.

39. The method as defined in claim 1, further comprising adjusting the value of both the minimum cap and the maximum cap for a respective one of the deposit institutions.

40. A program product for managing a plurality of Federal Deposit Insurance Corporation (FDIC)-insured, interest-bearing aggregated accounts held in a plurality of deposit institutions, comprising:

one or more computer usable media having computer readable program code embodied therein, to be executed by a computer, the computer readable program code comprising

(A) program code for accessing, by one or more computers, one or more electronic databases, stored on one or more computers-readable media, the one or more databases comprising;

(1) aggregated account information for each of a plurality of FDIC-insured and interest-bearing aggregated accounts held in a plurality of deposit institutions, with each deposit institution holding one or more of the aggregated accounts, each aggregated account holding funds of client transaction accounts of a plurality of clients, the aggregated account information comprising;

(i) a respective amount of net assets held in each of a plurality of the respective aggregated accounts;

(ii) for each respective one of a plurality of the deposit institutions, at least one respective minimum cap associated in the one or more databases with at least one of the one or more aggregated accounts held in the respective deposit institution, with the minimum cap comprising a minimum amount of assets to be held; and

(iii) for each respective one of the plurality of the deposit institutions having a minimum cap in (ii), at least one respective maximum cap associated in the one or more databases with the at least one of the one or more aggregated accounts held in the respective deposit institution having a minimum cap, with the maximum cap comprising a maximum amount of assets to be held;

(2) client transaction account information for each of the respective client transaction accounts comprising;

(i) a respective balance in the respective client transaction account;

(ii) transaction data for the respective client transaction account; and

(iii) a respective balance of funds from the respective client transaction account held in each of one or more of the insured and interest-bearing aggregated accounts holding funds of the client transaction account; and

(B) program code for obtaining, by one or more computers, transaction data for clients'"'"' deposits/transfers to and withdrawals/transfers from a plurality of said client transaction accounts for a sub-period of a period of time, said transaction data comprising transaction data for one or more deposits/transfers for one or more client transaction accounts and/or transaction data for one or more withdrawals/transfers from one or more of said client transaction accounts, with the transaction data comprising a respective amount for each respective deposit/transfer and each respective withdrawal/transfer;

(C) program code for calculating, by the one or more computers, an aggregated transaction amount based on a total net transaction from the transaction data for a plurality of the client transaction accounts occurring during the sub-period of time;

(D) program code for setting, by the one or more computers, for each of a plutality of the deposit institutions, the respective maximum deposit cap equal to the respective minimum deposit cap for the at least one aggregated account in the respective deposit institution;

(E) program code for allocating the aggregated transaction amount to or among one or more of the aggregated accounts, the step of allocating comprising;

(1) selecting at least one of the deposit institutions from among the plurality of deposit institutions to which to deposit/transfer or to withdraw/transfer at least a portion of the aggregated transaction amount for the sub-period based, at least in part, on a respective amount of net assets held in the at least one of the one or more aggregated accounts held in the respective deposit institution relative to the minimum cap and the maximum cap for that respective aggregated account, but by-passing withdrawals of funds from and deposits of funds to each aggregated account of the plurality of aggregated accounts that has its respective maximum deposit cap set equal to its respective minimum deposit cap if the net assets for the respective aggregated account are substantially equal to or greater than the minimum cap for that respective aggregated account;

(2) allocating the at least a portion of the aggregated transaction amount to the at least one of the one or more aggregated accounts in the selected deposit institution so that a balance of funds held in the deposit institution in or among the one or more aggregated accounts held therein is less than or equal to the maximum cap and greater than or equal to the minimum cap for that respective deposit institution;

(3) allocating, by the one or more computers, client asset balances in the client transaction accounts among a plurality of the aggregated accounts to match the allocation of the aggregated transaction amount;

(F) program code for generating instructions, by the one or more computers, to deposit/transfer funds to or withdraw/transfer funds from the at least one aggregated account to cause a transfer of the aggregated transaction amount for the sub-period; and

(G) program code for updating, by the one or more computers, one or more of the electronic databases with data for each of a plurality of the client transaction accounts, with the data for each of the client transaction accounts comprising a respective balance of funds of the respective client transaction account held in each of one or more of the deposit institutions holding funds of the respective client transaction account.

41. A system for managing a plurality of Federal Deposit Insurance Corporation (FDIC)-insured, interest-bearing aggregated accounts held in a plurality of deposit institutions, comprising:

one or more electronic databases, stored on one or more computers-readable media, the one or more databases comprising;

(1) aggregated account information for each of a plurality of FDIC-insured and interest-bearing aggregated accounts held in a plurality of deposit institutions, with each deposit institution holding one or more of the aggregated accounts, each aggregated account holding funds of client transaction accounts of a plurality of clients, the aggregated account information comprising;

(i) a respective amount of net assets held in each of a plurality of the respective aggregated accounts;

(ii) for each respective one of a plurality of the deposit institutions, at least one respective minimum cap associated in the one or more databases with at least one of the one or more aggregated accounts held in the respective deposit institution, with the minimum cap comprising a minimum amount of assets to be held; and

(iii) for each respective one of the plurality of the deposit institutions having a minimum cap in (ii), at least one respective maximum cap associated in the one or more databases with the at least one of the one or more aggregated accounts held in the respective deposit institution having a minimum cap, with the maximum cap comprising a maximum amount of assets to be held;

(2) client transaction account information for each of the respective client transaction accounts comprising;

(i) a respective balance in the respective client transaction account;

(ii) transaction data for the respective client transaction account; and

(iii) a respective balance of funds from the respective client transaction account held in each of one or more of the insured and interest- bearing aggregated accounts holding funds of the client transaction account; and

one or more computers operably connected to the one or more databases for implementing the following components;

(A) a component for accessing the one or more databases;

(B) a component for obtaining transaction data for clients'"'"' deposits/transfers to and withdrawals/transfers from a plurality of said client transaction accounts for a sub-period of a period of time, said transaction data comprising transaction data for one or more deposits/transfers for one or more client transaction accounts and/or transaction data for one or more withdrawals/transfers from one or more of said client transaction accounts, with the transaction data comprising a respective amount for each respective deposit/transfer and each respective withdrawal/transfer;

(C) a component for calculating an aggregated transaction amount based on a total net transaction from the transaction data for a plurality of the client transaction accounts occurring during the sub-period of time;

(D) a component setting, by the one or more computers, for each of a plurality of the deposit institutions, the respective maximum deposit cap equal to the respective minimum deposit cap for the at least one aggregated account in the respective deposit institution;

(E) a component for allocating the aggregated transaction amount to or among one or more of the aggregated accounts, comprising;

(1) a component for selecting at least one of the deposit institutions from among the plurality of deposit institutions to which to deposit/transfer or to withdraw/transfer at least a portion of the aggregated transaction amount for the sub-period based, at least in part, on a respective amount of net assets held in the at least one of the one or more aggregated accounts held in the respective deposit institution relative to the minimum cap and the maximum cap for that respective aggregated account, but by-passing withdrawals of funds from and deposits of funds to each aggregated account of the plurality of aggregated accounts that has its respective maximum deposit cap set equal to its respective minimum deposit cap if the net assets for the respective aggregated account are substantially equal to or greater than the minimum cap for that respective aggregated account;

(2) a component for allocating the at least a portion of the aggregated transaction amount to the at least one of the one or more aggregated accounts in the selected deposit institution so that a balance of funds held in the deposit institution in or among the one or more aggregated accounts held therein is less than or equal to the maximum cap and greater than or equal to the minimum cap for that respective deposit institution;

(3) a component for allocating, by the one or more computers, client asset balances in the client transaction accounts among a plurality of the aggregated accounts to match the allocation of the aggregated transaction amount;

(F) a component for generating instructions to deposit/transfer funds to or withdraw/transfer funds from the at least one aggregated account to cause a transfer of the aggregated transaction amount for the sub-period; and

(G) a component for updating one or more of the electronic databases with data for each of a plurality of the client transaction accounts, with the data for each of the client transaction accounts comprising a respective balance of funds of the respective client transaction account held in each of one or more of the deposit institutions holding funds of the respective client transaction account.

47. The system of claim 41,

wherein the one or more electronic databases comprise information on a plurality of financial entities, with each respective one of the financial entities electronically associated in the one or more databases with a respective set of one or more of the client transaction accounts, wherein each of a plurality of the financial entities has electronically associated therewith in the one or more data bases at least a respective one of the aggregated accounts in each of a plurality of the deposit institutions which holds only funds of the respective client transaction accounts of the respective financial entity, and further comprising:

the component for obtaining configured to receive a sweep file associated with one of the financial entities, the sweep file comprising transaction data for one or more deposits/transfers for one or more client transaction accounts associated with the one financial entity and/or transaction data for one or more withdrawals/transfers from one or more of said client transaction accounts associated with the one financial entity,

the component for selecting configured to select one of the deposit institutions holding one of the aggregated accounts that holds funds only of the financial entity; and

the component for generating instructions is configured to generate instructions to deposit/transfer funds to or withdraw/transfer funds from, the one of the aggregated accounts that holds funds only of the financial entity, to cause a transfer of the aggregated transaction amount for the sub-period.

42. A system for managing a plurality of Federal Deposit Insurance Corporation (FDIC)-insured, interest-bearing aggregated accounts held in a plurality of deposit institutions, comprising:

one or more electronic databases, stored on one or more computers-readable media, the one or more databases comprising;

(1) aggregated account information for each of a plurality of FDIC-insured and interest-bearing aggregated accounts held in a plurality of deposit institutions, with each deposit institution holding one or more or the aggregated accounts, each aggregated account holding funds of client transaction accounts of a plurality of clients, the aggregated account information comprising;

(i) a respective amount of net assets held in each of a plurality of the respective aggregated accounts;

(ii) for each respective one of a plurality of the deposit institutions, at least one respective minimum cap associated in the one or more databases with at least one of the one or more aggregated accounts held in the respective deposit institution, with the minimum cap comprising a minimum amount of assets to be held; and

(iii) for each respective one of the plurality of the deposit institutions having a minimum cap in (ii), at least one respective maximum cap associated in the one or more databases with the at least one of the one or more aggregated accounts held in the respective deposit institution having a minimum cap, with the maximum cap comprising a maximum amount of assets to be held;

(2) client transaction account information for each of the respective client transaction accounts comprising;

(i) a respective balance in the respective client transaction account;

(ii) transaction data for the respective client transaction account; and

(iii) a respective balance of funds from the respective client transaction account held in each of one or more of the insured and interest-bearing aggregated accounts holding funds of the client transaction account; and

one or more computers operably connected to the one or more databases for implementing the following components;

(A) a component for accessing the one or more databases;

(B) a component for obtaining transaction data for clients'"'"' deposits/transfers to and withdrawals/transfers from a plurality of said client transaction accounts for a sub-period of a period of time, said transaction data comprising transaction data for one or more deposits/transfers for one or more client transaction accounts and/or transaction data for one or more withdrawals/transfers from one or more of said client transaction accounts, with the transaction data comprising a respective amount for each respective deposit/transfer and each respective withdrawal/transfer;

(C) a component for calculating an aggregated transaction amount based on a total net transaction from the transaction data for a plurality of the client transaction accounts occurring during the sub-period of time, with at least one of the aggregated transaction amounts calculated for at least one of the sub-periods during the period being negative;

(D) a component for allocating the aggregated transaction amount to or among one or more of the aggregated accounts, comprising;

(1) a component for selecting at least one of the deposit institutions from among the plurality of deposit institutions to which to deposit/transfer or to withdraw/transfer the aggregated transaction amount for the sub-period based, at least in part, on a respective amount of net assets held in at least one of the one or more aggregated accounts held in the respective deposit institution relative to the minimum cap and the maximum cap for that deposit institution;

(2) a component for allocating at least a portion of the aggregated transaction amount to at least one of the one or more aggregated accounts in the selected deposit institution so that a balance of funds held in the deposit institution in or among the one or more aggregated accounts held therein is less than or equal to the maximum cap and greater than or equal to the minimum cap for that respective deposit institution;

(3) a component for allocating, by the one or more computers, client asset balances in the client transaction accounts among a plurality of the aggregated accounts to match the allocation of the aggregated transaction amount;

(E) a component for generating instructions to deposit/transfer funds to or withdraw/transfer funds from the at least one aggregated account to cause a transfer of the aggregated transaction amount for the sub-period; and

(F) a component for updating one or more of the electronic databases with data for each of a plurality of the client transaction accounts, with the data for each of the client transaction accounts comprising a respective balance of funds of the respective client transaction account held in each of one or more of the deposit institutions holding funds of the respective client transaction account.

43. The system of claim 42, further comprising a component for selecting the at least one aggregated account based on a priority requirement that credits are first to be allocated to a given one of the aggregated accounts until the amount of net assets for the given one of the aggregated accounts reaches or exceeds a respective minimum cap associated with the given one of the aggregated accounts.

44. The system of claim 43, further comprising a component for increasing at least one of the minimum cap and the maximum cap associated with the given one of the aggregated accounts to increase the amount of net assets at the selected deposit institution.

45. The system of claim 44, further comprising the component increasing the minimum cap associated with the given one of the aggregated accounts automatically based on a criterion.

46. The system of claim 42, further comprising

a component for decreasing the maximum cap associated with a given one of the aggregated accounts to a new lower maximum cap automatically based on a criterion;

and

a component for selecting the at least one aggregated account based on a priority requirement that debits are first to be allocated to the given one of the aggregated accounts until the amount of net assets for the given one of the aggregated accounts drops to or below the new lower maximum cap associated with the given one of the aggregated accounts.

49. The system of claim 42,

wherein the one or more electronic databases comprise information on a plurality of financial entities, with each respective one of the financial entities electronically associated in the one or more databases with a respective set of one or more of the client transaction accounts, wherein each of a plurality of the financial entities has electronically associated therewith in the one or more data bases at least a respective one of the aggregated accounts in each of a plurality of the deposit institutions which holds only funds of the respective client transaction accounts of the respective financial entity, and further comprising:

the component for obtaining configured to receive a sweep file associated one of the financial entities, the sweep file comprising transaction data for one or more deposits/transfers for one or more client transaction accounts associated with the one financial entity and/or transaction data for one or more withdrawals/transfers from one or more of said client transaction accounts associated with the one financial entity,

the component for selecting configured to select one of the deposit institutions holding one of the aggregated accounts that holds funds only of the financial entity; and

the component for generating instructions is configured to generate instructions to deposit/transfer funds to or withdraw/transfer funds from, the one of the aggregated accounts that holds funds only of the financial entity, to cause a transfer of the aggregated transaction amount for the sub-period.

50. The system of claim 42,

wherein the one or more electronic databases comprises information on a plurality of financial entities, with each respective one of the plurality financial entities electronically associated in the one or more databases with a respective set of one or more of the client transaction accounts, and including information that at least one of the aggregated accounts in each of a plurality of the deposit institutions holds funds of the client transaction accounts of the financial entity,

the component for obtaining configured to receive a plurality of sweep files, each sweep file associated with a different one of the financial entities, with each respective sweep file comprising transaction data for one or more deposits/transfers for one or more client transaction accounts associated with the respective financial entity and/or transaction data for one or more withdrawals/transfers from one or more of said client transaction accounts associated with the respective financial entity,

the component for allocating client asset balances in the client transaction accounts among a plurality of the aggregated accounts to match the allocation of the aggregated transaction amount is configured to allocate client asset balances in the client transaction accounts so that at least one aggregated account holds the client asset balances of client transaction accounts associated electronically in the one or more databases with a plurality of the financial entities;

and

the component for generating instructions is configured to generate instructions to deposit/transfer funds to or withdraw/transfer funds from, the at least one aggregated account that holds the client asset balances of client transaction accounts associated electronically with the plurality of the financial entities, to cause a transfer of the aggregated transaction amount for the sub-period.

48. A system for managing a plurality of Federal Deposit Insurance Corporation (FDIC)-insured, interest-bearing aggregated accounts held in a plurality of deposit institutions, comprising:

one or more electronic databases, stored on one or more computers-readable media, the one or more databases comprising;

(1) aggregated account information for each of a plurality of FDIC-insured and interest-bearing aggregated accounts held in a plurality of deposit institutions, with each deposit institution holding one or more ofef-the aggregated accounts, each aggregated account holding funds of client transaction accounts of a plurality of clients, the aggregated account information comprising;

(i) a respective amount of net assets held in each of a plurality of the respective aggregated accounts;

(ii) for each respective one of a plurality of the deposit institutions, at least one respective minimum cap associated in the one or more databases with at least one of the one or more aggregated accounts held in the respective deposit institution, with the minimum cap comprising a minimum amount of assets to be held; and

(iii) for each respective one of the plurality of the deposit institutions having a minimum cap in (ii), at least one respective maximum cap associated in the one or more databases with the at least one of the one or more aggregated accounts held in the respective deposit institution having a minimum cap, with the maximum cap comprising a maximum amount of assets to be held;

(2) client transaction account information for each of the respective client transaction accounts comprising;

(i) a respective balance in the respective client transaction account;

(ii) transaction data for the respective client transaction account; and

(iii) a respective balance of funds from the respective client transaction account held in each of one or more of the insured and interest-bearing aggregated accounts holding funds of the client transaction account; and

one or more computers operably connected to the one or more databases for implementing the following components;

(A) a component for accessing the one or more databases;

(B) a component for obtaining transaction data for clients'"'"' deposits/transfers to and withdrawals/transfers from a plurality of said client transaction accounts for a sub-period of a period of time, said transaction data comprising transaction data for one or more deposits/transfers for one or more client transaction accounts and/or transaction data for one or more withdrawals/transfers from one or more of said client transaction accounts, with the transaction data comprising a respective amount for each respective deposit/transfer and each respective withdrawal/transfer;

(C) a component for calculating an aggregated transaction amount based on a total net transaction from the transaction data for a plurality of the client transaction accounts occurring during the sub-period of time, with at least one of the aggregated transaction amounts calculated for at least one of the sub-periods during the period being negative;

(D) a component for allocating the aggregated transaction amount to or among one or more of the aggregated accounts, comprising;

(1) a component for selecting at least one of the deposit institutions from among the plurality of deposit institutions to which to deposit/transfer or to withdraw/transfer the aggregated transaction amount for the sub-period based, at least in part, on a respective amount of net assets held in at least one of the one or more aggregated accounts held in the respective deposit institution relative to the minimum cap and the maximum cap for that deposit institution;

(2) a component for allocating at least a portion of the aggregated transaction amount to at least one of the one or more aggregated accounts in the selected deposit institution so that a balance of funds held in the deposit institution in or among the one or more aggregated accounts held therein is less than or equal to the maximum cap and greater than or equal to the minimum cap for that respective deposit institution;

(3) a component for allocating, by the one or more computers, client asset balances in the client transaction accounts among a plurality of the aggregated accounts to match the allocation of the aggregated transaction amount;

(E) a component for generating instructions to deposit/transfer funds to or withdraw/transfer funds from the at least one aggregated account to cause a transfer of the aggregated transaction amount for the sub-period; and

(F) a component for updating one or more of the electronic databases with data for each of a plurality of the client transaction accounts, with the data for each of the client transaction accounts comprising a respective balance of funds of the respective client transaction account held in each of one or more of the deposit institutions holding funds of the respective client transaction account.

51. A method for managing a plurality of Federal Deposit Insurance Corporation (FDIC)-insured, interest-bearing aggregated accounts held in a plurality of deposit institutions, comprising:

(A) accessing, by one or more computers, one or more electronic databases, stored on one or more computers-readable media, the one or more databases comprising;

(1) aggregated account information for each of a plurality of FDIC-insured and interest-bearing aggregated accounts held in a plurality of deposit institutions, with each deposit institution holding one or more of the aggregated accounts, each aggregated account holding funds of client transaction accounts of a plurality of clients, the aggregated account information comprising;

(i) a respective amount of net assets held in each of a plurality of the respective aggregated accounts;

(ii) for each respective one of a plurality of the deposit institutions, at least one respective minimum cap associated in the one or more databases with the respective deposit institution, with the minimum cap comprising a minimum amount of assets to be held in the one or more aggregated accounts held therein; and

(iii) for each respective one of the plurality of the deposit institutions having a minimum cap in (ii), at least one respective maximum cap associated in the one or more databases with the the respective deposit institution having a minimum cap, with the maximum cap comprising a maximum amount of assets to be held in the one or more aggregated accounts held therein;

(2) client transaction account information for each of the respective client transaction accounts comprising;

(i) a respective balance in the respective client transaction account;

(ii) transaction data for the respective client transaction account; and

(iii) a respective balance of funds from the respective client transaction account held in each of one or more of the insured and interest-bearing aggregated accounts holding funds of the client transaction account; and

(B) obtaining, by one or more computers, transaction data for clients'"'"' deposits/transfers to and withdrawals/transfers from a plurality of said client transaction accounts for a sub-period of a period of time, said transaction data comprising transaction data for one or more deposits/transfers for one or more client transaction accounts and/or transaction data for one or more withdrawals/transfers from one or more of said client transaction accounts, with the transaction data comprising a respective amount for each respective deposit/transfer and each respective withdrawal/transfer;

(C) calculating, by the one or more computers, an aggregated transaction amount based on a total net transaction from the transaction data for a plurality of the client transaction accounts occurring during the sub-period of time;

(D) setting, by the one or more computers, for each of a plurality of the deposit institutions, the respective maximum deposit cap equal to the respective minimum deposit cap for the respective deposit institution;

(E) allocating, by the one or more computers, the aggregated transaction amount to or among one or more of the aggregated accounts in one or more of the deposit institutions, the step of allocating comprising;

(1) selecting at least one of the deposit institutions from among the plurality of deposit institutions to which to deposit/transfer or to withdraw/transfer at least a portion of the aggregated transaction amount for the sub-period based, at least in part, on a respective amount of net assets held in the one or more aggregated accounts held in the respective deposit institution relative to the minimum cap and the maximum cap for that deposit institution, but by-passing withdrawals of funds from and deposits of funds to the one or more aggregated accounts in each of the plurality of deposit institutions that has its respective maximum deposit cap set equal to its respective minimum deposit cap if the net assets held in the one or more aggregated accounts of the respective deposit institution are substantially equal to or greater than the minimum cap for that respective deposit institution;

(2) allocating the at least a portion of the aggregated transaction amount to at least one of the one or more aggregated accounts in the selected deposit institution so that a balance of funds held in the deposit institution in or among the one or more aggregated accounts held therein is less than or equal to the maximum cap and greater than or equal to the minimum cap for that respective deposit institution;

(3) allocating, by the one or more computers, client asset balances in the client transaction accounts among a plurality of the aggregated accounts to match the allocation of the aggregated transaction amount;

(F) generating instructions, by the one or more computers, to deposit/transfer funds to or withdraw/transfer funds from at least one of the one or more aggregated accounts in the at least one deposit institution selected to cause a transfer of the aggregated transaction amount for the sub-period; and

(G) updating, by the one or more computers, one or more of the electronic databases with data for each of a plurality of the client transaction accounts, with the data for each of the client transaction accounts comprising a respective balance of funds of the respective client transaction account held in each of one or more of the deposit institutions holding funds of the respective client transaction account.

52. A program product for managing a plurality of Federal Deposit Insurance Corporation (FDIC)-insured, interest-bearing aggregated accounts held in a plurality of deposit institutions, comprising:

one or more computer usable media having computer readable program code embodied therein, to be executed by a computer, the computer readable program code comprising;

(A) program code for accessing, by one or more computers, one or more electronic databases, stored on one or more computers-readable media, the one or more databases comprising;

(1) aggregated account information for each of a plurality of FDIC-insured and interest-bearing aggregated accounts held in a plurality of deposit institutions, with each deposit institution holding one or more of the aggregated accounts, each aggregated account holding funds of client transaction accounts of a plurality of clients, the aggregated account information comprising;

(i) a respective amount of net assets held in each of a plurality of the respective aggregated accounts;

(ii) for each respective one of a plurality of the deposit institutions, at least one respective minimum cap associated in the one or more databases with the respective deposit institution, with the minimum cap comprising a minimum amount of assets to be held in the one or more aggregated accounts held therein; and

(iii) for each respective one of the plurality of the deposit institutions having a minimum cap in (ii), at least one respective maximum cap associated in the one or more databases with the the respective deposit institution having a minimum cap, with the maximum cap comprising a maximum amount of assets to be held in the one or more aggregated accounts held therein;

(2) client transaction account information for each of the respective client transaction accounts comprising;

(i) a respective balance in the respective client transaction account;

(ii) transaction data for the respective client transaction account; and

(iii) a respective balance of funds from the respective client transaction account held in each of one or more of the insured and interest- bearing aggregated accounts holding funds of the client transaction account; and

(B) program code for obtaining, by one or more computers, transaction data for clients'"'"' deposits/transfers to and withdrawals/transfers from a plurality of said client transaction accounts for a sub-period of a period of time, said transaction data comprising transaction data for one or more deposits/transfers for one or more client transaction accounts and/or transaction data for one or more withdrawals/transfers from one or more of said client transaction accounts, with the transaction data comprising a respective amount for each respective deposit/transfer and each respective withdrawal/transfer;

(C) program code for calculating, by the one or more computers, an aggregated transaction amount based on a total net transaction from the transaction data for a plurality of the client transaction accounts occurring during the sub-period of time;

(D) program code for setting, by the one or more computers, for each of a plurality of the deposit institutions, the respective maximum deposit cap equal to the respective minimum deposit cap for the respective deposit institution;

(E) program code for allocating, by the one or more computers, the aggregated transaction amount to or among one or more of the aggregated accounts in one or more of the deposit institutions, the step of allocating comprising;

(1) selecting at least one of the deposit institutions from among the plurality of deposit institutions to which to deposit/transfer or to withdraw/transfer at least a portion of the aggregated transaction amount for the sub-period based, at least in part, on a respective amount of net assets held in the one or more aggregated accounts held in the respective deposit institution relative to the minimum cap and the maximum cap for that deposit institution, but by-passing withdrawals of funds from and deposits of funds to the one or more aggregated accounts in each of the plurality of deposit institutions that has its respective maximum deposit cap set equal to its respective minimum deposit cap if the net assets held in the one or more aggregated accounts of the respective deposit institution are substantially equal to or greater than the minimum cap for that respective deposit institution;

(2) allocating the at least a portion of the aggregated ttansaction amount to at least one of the one or more aggregated accounts in the selected deposit institution so that a balance of funds held in the deposit institution in or among the one or more aggregated accounts held therein is less than or equal to the maximum cap and greater than or equal to the minimum cap for that respective deposit institution;

(3) allocating, by the one or more computers, client asset balances in the client transaction accounts among a plurality of the aggregated accounts to match the allocation of the aggregated transaction amount;

(F) program code for generating instructions, by the one or more computers, to deposit/transfer funds to or withdraw/transfer funds from at least one of the one or more aggregated accounts in the at least one deposit institution selected to cause a transfer of the aggregated transaction amount for the sub-period; and

(G) program code for updating, by the one or more computers, one or more of the electronic databases with data for each of a plurality of the client transaction accounts, with the data for each of the client transaction accounts comprising a respective balance of funds of the respective client transaction account held in each of one or more of the deposit institutions holding funds of the respective client transaction account.

53. A system for managing a plurality of Federal Deposit Insurance Corporation (FDIC)-insured, interest-bearing aggregated accounts held in a plurality of deposit institutions, comprising:

one or more computers operably connected to one or more electronic databases for implementing the following components;

(A) a component for accessing, by one or more computers, the one or more electronic databases, stored on one or more computers-readable media, the one or more databases comprising;

(1) aggregated account information for each of a plurality of FDIC-insured and interest-bearing aggregated accounts held in a plurality of deposit institutions, with each deposit institution holding one or more of the aggregated accounts, each aggregated account holding funds of client transaction accounts of a plurality of clients, the aggregated account information comprising;

(i) a respective amount of net assets held in each of a plurality of the respective aggregated accounts;

(ii) for each respective one of a plurality of the deposit institutions, at least one respective minimum cap associated in the one or more databases with the respective deposit institution, with the minimum cap comprising a minimum amount of assets to be held in the one or more aggregated accounts held therein; and

(iii) for each respective one of the plurality of the deposit institutions having a minimum cap in (ii), at least one respective maximum cap associated in the one or more databases with the the respective deposit institution having a minimum cap, with the maximum cap comprising a maximum amount of assets to be held in the one or more aggregated accounts held therein;

(2) client transaction account information for each of the respective client transaction accounts comprising;

(i) a respective balance in the respective client transaction account;

(ii) transaction data for the respective client transaction account; and

(iii) a respective balance of funds from the respective client transaction account held in each of one or more of the insured and interest-bearing aggregated accounts holding funds of the client transaction account; and

(B) a component for obtaining, by one or more computers, transaction data for clients'"'"' deposits/transfers to and withdrawals/transfers from a plurality of said client transaction accounts for a sub-period of a period of time, said transaction data comprising transaction data for one or more deposits/transfers for one or more client transaction accounts and/or transaction data for one or more withdrawals/transfers from one or more of said client transaction accounts, with the transaction data comprising a respective amount for each respective deposit/transfer and each respective withdrawal/transfer;

(C) a component for calculating, by the one or more computers, an aggregated transaction amount based on a total net transaction from the transaction data for a plurality of the client transaction accounts occurring during the sub-period of time;

(D) a component for setting, by the one or more computers, for each of a plurality of the deposit institutions, the respective maximum deposit cap equal to the respective minimum deposit cap for the respective deposit institution;

(E) a component for allocating, by the one or more computers, the aggregated transaction amount to or among one or more of the aggregated accounts in one or more of the deposit institutions, the step of allocating comprising;

(1) selecting at least one of the deposit institutions from among the plurality of deposit institutions to which to deposit/transfer or to withdraw/transfer at least a portion of the aggregated transaction amount for the sub-period based, at least in part, on a respective amount of net assets held in the one or more aggregated accounts held in the respective deposit institution relative to the minimum cap and the maximum cap for that deposit institution, but by-passing withdrawals of funds from and deposits of funds to the one or more aggregated accounts in each of the plurality of deposit institutions that has its respective maximum deposit cap set equal to its respective minimum deposit cap if the net assets held in the one or more aggregated accounts of the respective deposit institution are substantially equal to or greater than the minimum cap for that respective deposit institution;

(2) allocating the at least a portion of the aggregated transaction amount to at least one of the one or more aggregated accounts in the selected deposit institution so that a balance of funds held in the deposit institution in or among the one or more aggregated accounts held therein is less than or equal to the maximum cap and greater than or equal to the minimum cap for that respective deposit institution;

(3) allocating, by the one or more computers, client asset balances in the client transaction accounts among a plurality of the aggregated accounts to match the allocation of the aggregated transaction amount;

(F) a component for generating instructions, by the one or more computers, to deposit/transfer funds to or withdraw/transfer funds from at least one of the one or more aggregated accounts in the at least one deposit institution selected to cause a transfer of the aggregated transaction amount for the sub-period; and

(G) a component for updating, by the one or more computers, one or more of the electronic databases with data for each of a plurality of the client transaction accounts, with the data for each of the client transaction accounts comprising a respective balance of funds of the respective client transaction account held in each of one or more of the deposit institutions holding funds of the respective client transaction account.