Importance

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Abstract

A method, system and program product for operating an exchange method for municipal and/or state funds from banking institutions, comprising: (A) accessing, by one or more computers, one or more electronic databases holding data on client transaction accounts and funds in aggregated accounts and banking institutions holding Federal government securities; (B) obtaining transaction data for clients' deposits/transfers to and withdrawals/transfers from a plurality of said client transaction accounts; (C) generating instructions, to deposit/transfer funds to or withdraw/transfer funds from one or more of the aggregated accounts to satisfy the clients' deposits/transfers to and withdrawals/transfers from a plurality of said client transaction accounts; (D) receiving data, for a first deposit from a first one of the banking institutions, where the first deposit comprises municipal funds and/or state funds; (E) selecting, at least another of the banking institutions holding government securities to receive at least a portion of the first deposit of municipal funds and/or state funds; (F) selecting, a plurality of client transaction accounts from one or more of the other banking institutions for the transfer of funds to the first banking institution; (G) generating instructions to deposit/transfer funds from the plurality of the client transaction accounts selected to the first banking institution; (H) updating the electronic databases.

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First Claim