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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.
Pacific Coast Bankers' Bank
1676 N. California Blvd.
Walnut Creek, CA 94596