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Deposit Reclassification is a revenue enhancement strategy representing a unique opportunity to convert your non-liquid Federal Reserve Balance. Deposit Reclassification is a process by which a portion of your institution’s transaction accounts can be classified as savings deposits, which are not subject to Reserve Requirements. The conversion process can be completed within 45 days and requires very little time from your bank personnel. The process is completely under your control since it uses your existing personal computer (PC) software. There is a onetime fee with unlimited future support. Most important, the Deposit Reclassification project is approved by your local Federal Reserve Bank, in advance, in order to comply with FRB Regulation D.

We have over 1,500 clients for this service in all 50 states.

What is Deposit Reclassification?

• Obtain Federal Reserve Bank "No Objection"
• Develop and deploy Disclosure
• Develop Threshold Percentages
• Implementation of the Systems Solution
• Implementation Timing

• There are no unique PC or DDA system requirements for implementation

WHAT'S THE NEXT STEP?