Services

INVESTMENT SERVICES
Automated Sweep
Deposit Reclassification
Fed Funds As Agent
Investment Advisory
Securities Safekeeping

CREDIT SERVICES
Fed Funds Liquidity Line
Loan Services
Leasing
Letters of Credit Services

CASH MANAGEMENT
Cash Calculator
Credit Card Services
Employee Retirement Plans
International Services
Lockbox Services
Merchant Deposit Capture
Merchant Card Processing
Overdraft Protection Program
Payroll Services
STARS™ Cash Management

DEPOSIT OPERATIONS
Cash Letter / Paper
Cash Letter / Image
Coin & Currency
Escrow Accounting
STARS™ Settlement Services

OTHER SERVICES Biometric Security System
CheckTrack
Confidential Record Destruction
Gift Cards
Non-Armored Courier
Official Checks
Revenue Enhancement
Risk Management Consulting

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   Securities Safekeeping

Provides a cost effective and highly automated response to our client banks' needs for their own securities portfolios and for their trust customers.

Key Highlights

• On-line access to real-time transaction data
• Full compliance with FHLB collateralization of Advances
• Fees include up to 240 trades and/or paydowns
• No charge for posting interest and dividend payments

Capabilities

Our alliance partner, State Street Bank & Trust Company, only business is securities processing and they have been in business for over 200-years. State Street Bank is a $110 billion institution that has over $12 trillion of assets under custody, 21,900 employees, global custody capabilities in 100 countries and is supported by the most sophisticated technology available. They are currently providing safekeeping services to over 60 banks in New England. Through State Street Bank, Bankers’ Bank Northeast is currently providing safekeeping to 35 community banks representing 86 accounts and with a total securities market value of over $2 billion.

We offer a preferred pricing of 1.2 basis points (on portfolio's that are $24.5 million or greater) of the mark-to-market value of the portfolio adjusted monthly.  Our minimum fee will apply if the portfolio is below $24.5 million.  The service includes 240 trades or pay-downs per year plus there is no charge for interest or dividend payments posted.  

As part of our basic service (no additional charge), Investors Bank can install its on-line SEI system which enables you to monitor your account with up-to-the-minute accuracy, generate customized reports and download files.  An enhancement called InvestPort gives you 24-hour, fully secured up-to-date access via the Internet.

Request Information regarding SECURITIES SAFEKEEPING services.

Member FDIC  

Member
Federal Reserve System

Last Updated: March 3, 2008
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