AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Security without collateralization: how a banking innovation is simplifying the process of safeguarding public deposits.
Government finance officers tasked with managing millions of dollars in cash reserves must constantly balance the necessity of preserving principal with the desirability of attaining the best possible investment returns. One common investment instrument for state and local governments is bank certificates of deposit, which generally pay interest above that of U.S. Treasury securities. In practice, however, investing in CDs generally requires collateralization-a costly, difficult, and time-consuming process. More than $55 billion in CDs is now held and collateralized by banks for public funds depositors.
Almost all states have enacted statutes requiring that public ...
- FDIC Insurance Coverage up to $15Million is Now Available Through CDARS at...
- Press release article from: Business Wire June 7, 2005 700+ words
...Account Registry Service (a.k.a. "CDARS"). In April 2004, Service 1st Bank...Insurance Corporation (FDIC) coverage through CDARS. At that time, the maximum insurance...Because of the rapid expansion of the CDARS program nationwide, the FDIC insurance...
- First Niagara Ranked 20th in CDARS Deposits Out of 2,800 Banks by Promontory.
- Press release article from: PR Newswire February 23, 2009 700+ words
...Certificate of Deposit Account Registry Service, or CDARS. With CDARS, banks can offer a customer up to $50 million in Federal deposit insurance coverage. CDARS, or the Certificate of Deposit Account Registry Service...
- Retain valued customer relationships with 'CDARS one-way' fund...
- Magazine article from: ABA Bank Marketing January 1, 2004 700+ words
...announced a product to answer these needs: CDARS One-Way. The product makes R possible...collect noninterest fee income in return. CDARS One-Way enhances the network's original services, CDARS (Certificate of Deposit Account Registry...
- State Bank of Long Island Named as Leading Member for FDIC Insurance Service...
- Press release article from: Business Wire March 13, 2006 700+ words
...volume placement by using its service, CDARS (Certificate of Deposit Account Registry...Long Island's deposits placed through CDARS ranked in the top 10 % of network member...the network in September of 2003. With CDARS, State Bank of Long Island is able to...
- CDARS provides deposit peace of mind for customers.
- Magazine article from: Real Estate Weekly Howe, Edward, III March 4, 2009 700+ words
...Certificate of Deposit Account Registry Services (CDARS) Network. The CDARS system, which provides depositors with access of...long-term security to turn to banks enrolled in the CDARS program, which is offered free of charge to bank...
- Florida Capital Bank Joins CDARS Network.
- Press release article from: Business Wire October 2, 2008 700+ words
...security through its membership in the CDARS([R]) Network. Florida Capital Bank...on deposits of up to $50 million. With CDARS, any type of depositor - from non-profits...Bank. "Through our membership in the CDARS network we are able to offer more peace...
- Use CDARS® to sell excess deposits
- Magazine article from: Texas Banking Anonymous September 1, 2009 700+ words
The CDARS service enables banks that are members of...network bank places a customer deposit using CDARS, that deposit is divided into amounts under...with just one. There are three types of CDARS transactions. CDARS Reciprocal^sup SM...
- Independent Bank Announces CDARS(R) Is Now Available to Michigan Public Funds...
- Press release article from: PR Newswire December 22, 2008 700+ words
...Account Registry Service(R) also known as CDARS(R) to customers including Michigan municipalities...308 to confirm the use of services like CDARS to insure public funds deposited in Michigan...one statement and one bank relationship. CDARS(R) is also available to consumers...