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Automated Sweep
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OTHER SERVICES Biometric Security System
CheckTrack
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Request Information

   Automated Sweep

Client banks can have excess targeted funds automatically swept into their fed funds account and/or swept from fed funds into their DDA account to cover settlement clearings.

Key Highlights

• Helps to maintain appropriate targeted balances
• Maximizes daily earnings
• Reduces operational and administrative activity

Request Information regarding AUTOMATED SWEEP services.

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Member
Federal Reserve System

Last Updated: March 3, 2008
Bankers' Bank Northeast. All Rights Reserved.
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