Fed Funds

Detailed information about Fed Funds including the current rate.

Purchased Program Highlights:

  • Competitive daily rates, based upon the average opening overnight Fed Funds quotations in the marketplace, prior to 9:00 A.M. CST
  • Daily rate broadcasts via fax or email delivery
  • Monthly recap of daily rates offered, upon request
  • No incoming wire charges for funds directed to the Fed Funds Purchased program
  • Fed Funds purchased via the Central Bank of St. Louis same-day, end-of-day fully automated Correspondent Sweep Program
  • Daily confirmation of Fed Funds and earnings
  • Automatic delivery of the Central Capital Markets daily "Market Outlook" via email or fax delivery

Checklist:

  • Correspondent Bank Fed Funds Account Set-up form completed
  • Corporate Authorization Resolution
  • Form W-9, Request for Taxpayer Identification Number and Certification
  • Correspondent Bank Fed Funds Sweep Agreement
  • Corporate Signature Card
  • Funds Transfer Agreement

 

Call us at (314) 862-8300 for more information.