Cash Management

"As Agent"

Typically, most banks invest all or part of their liquid funds into a Fed Funds investment with highly rated banks around the country on a daily "overnight" basis. Designed for client banks to minimize their concentration of risk and streamline their process of selling their "overnight" funds, PCBB offers a competitive "As Agent" Program in the market to facilitate this activity. This includes passing excess liquidity to the Federal Reserve Bank "As Agent" for Excess Reserve Balances, thus providing a foundation to attract the best rate in either the Fed Fund market or balances held at the Federal Reserve on the respondent's behalf.

PCBB averages over $4 Billion in Fed Fund Purchases everyday, servicing over 500 institutions. Our Fed Funds Sold "As Agent" are placed with the highest ranking financial institutions with PCBB acting only "As Agent", never taking legal title of the funds. To minimize risk we have daily and quarterly procedures for approving and monitoring the upstream financial institutions of our agency pool.

Reduce credit risk by redistribution of funds across multiple strongly capitalized banks
Automatically sweeps all excess balances into overnight Fed Funds or the Federal Reserve Bank Excess Reserve Account
Funds & interest automatically reinvested into your account daily
Quarterly monitoring of purchasing banks and compliance with Regulation F
No added fees for drawdowns or incoming investment wires

BENEFITS

PCBB delivers 25 years of investment expertise and success to the management of your Fed Funds.
Reduce your credit risk by redistributing funds among many strongly capitalized banks.
Daily monitoring for headline risk.
Ensure quarterly monitoring of purchasing banks and compliance with Regulation F.

Email your relationship manager now or call 888.399.1930 for more information.