Automated method and article of manufacture for fully...

Details Automated method and article of manufacture for fully... Automated method and article of manufacture for fully...

2010-07-23

2011-11-01

Patel, Jagdish (Department: 3693)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S035000, C705S042000

Reexamination Certificate

active

08051005

ABSTRACT:
An automated method is provided for processing large deposits that exceed an established deposit insurance limit so that the large deposits are fully insured. The large deposits are received from a plurality of unaffiliated banks from their respective depositors. Orders are received at a processor from the plurality of banks to process large deposits. The processor automatically compares each order to a preset maximum order amount. Each of the large deposits for each order are partitioned using the processor into a plurality of deposit portions if the order does not exceed a preset maximum order amount. The partitioning is performed in a manner so that each deposit portion does not exceed the established deposit insurance limit. The processor assigns at least some of the deposit portions for each of the large deposits for each order to at least some banks that are unaffiliated with the bank that received the large deposit for deposit therein if the order does not exceed the preset maximum order amount.

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Brochure entitled “Reserve Insured Deposits® Program,” Copyright © 2006, Reserve Management Corporation, 2 pages.

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