Methods and systems for facilitating transactions between commercial banks and pooled depositor groups

  • US 7,904,372 B2
  • Filed: 08/21/2003
  • Issued: 03/08/2011
  • Est. Priority Date: 08/21/2003
  • Status: Active Grant
First Claim
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1. A method for facilitating financial transactions between depositor groups and commercial banks, the method comprising:

  • registering, using a control center with at least one computer, a plurality of different depositor groups and a plurality of different commercial banks;

    receiving, via the control center with the at least one computer, contact from a plurality of different depositor groups indicating a deposit need of each of the different depositor groups, where each depositor group indicates to the control center an amount of funds available for deposit as demand deposits and a desired return on deposited funds;

    aggregating, prior to the depositing of the funds available for deposit with the commercial banks and using the control center with the at least one computer, the deposit needs of the depositor groups to provide a stable funds source including the aggregated funds available from the plural different depositor groups, which are usable by a the commercial banks as stable deposits;

    notifying, using the control center with the at least one computer, the commercial banks of the availability of the stable funds source and an amount of funds available in the stable funds source;

    setting, using the control center with the at least one computer, an interest rate to be paid to the depositor groups to a predetermined value based on an interest rate that the commercial banks are willing to pay for the stable funds source and an interest rate the depositor groups expect as a return for use of funds in the stable funds source;

    determining, using the control center with the at least one computer, an amount of money collectively needed by the different commercial banks;

    receiving, using the control center with the at least one computer, account postings from the commercial banks;

    communicating, using the control center with the at least one computer, the interest rate to be paid to the depositor groups and the amount of money collectively needed by the different commercial banks to the depositor groups, receiving deposits, and depositing, using the control center with the at least one computer, funds from the stable funds source in the accounts; and

    allowing, using the control center with the at least one computer, the depositor groups to withdraw funds from the accounts on a demand basis without penalty.

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