The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Feb. 22, 2011
Filed:
Aug. 23, 2004
Richard W. Whiting, Williamsburg, VA (US);
Kim B. Winslow, Gainesville, FL (US);
Victor Briabrin, Bethesda, MD (US);
Tully M. Ryan, Edenton, NC (US);
Richard W. Whiting, Williamsburg, VA (US);
Kim B. Winslow, Gainesville, FL (US);
Victor Briabrin, Bethesda, MD (US);
Tully M. Ryan, Edenton, NC (US);
Finistar, Inc., Edenton, NC (US);
Abstract
Methods and systems for facilitating transactions () between commercial banks and pooled depositor groups are disclosed. Employees of a control center determine interest rate return needs of pooled depositor groups (), such as trust departments at commercial banks. The control center employees aggregate () the funds to produce a stable funds source and communicate the availability of the stable funds source to commercial banks for core deposits (). The commercial banks communicate cash needs to the control center (). The control center sets an interest rate () to be paid to the pooled depositor groups for use of the funds to at least the depositor groups'expected rate of return and below and the rate that commercial banks are willing to pay for the funds. The banks post master NOW accounts and the pooled depositor groups deposit funds in the master NOW accounts ().