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Protecting Public Funds Through Reciprocal Deposits

Across the United States, local and state governmental organizations use reciprocal deposit placement products to safeguard billions of taxpayer dollars while earning a return. These safe, smart cash management solutions can provide access to multi-million-dollar FDIC insurance through a single bank relationship. In this way, they eliminate the burden of ongoing collateral tracking, manually consolidating holdings from multiple financial institutions, and footnoting uninsured deposits in financial statements. Plus, the full amount of funds placed with a local bank can support local lending opportunities that build a stronger community.1

IntraFi® offers the nation's leading reciprocal deposit placement service. Through this offering, funds can be placed into demand deposit accounts, money market deposit accounts, or into CDs.

Here are a few facts about how public entities—including city, county, and state treasurers; school districts; police and fire districts; and public hospitals—are using services from IntraFi:

  • All 50 states have laws that enable governmental entities to protect deposits with IntraFi's services.
  • Last year, thousands of governmental entities used services from IntraFi to access multi-million-dollar FDIC insurance through a single bank relationship. Together, they placed billions of dollars.





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1 When deposited funds are exchanged on a dollar-for-dollar basis with other banks in IntraFi’s network of financial institutions, your bank can use the full amount of a deposit placed through IntraFi's services for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor's consent, the relationship institution may choose to receive fee income instead of deposits from other participating institutions. Under these circumstances, deposited funds would not be available for local lending.