Methods, systems, and computer readable media for facilitating the exchange of reciprocal deposits

A method for facilitating the exchange of reciprocal deposits, the method comprising:

• at a control center having at least one computer:
• receiving, from a first bank of origination, a first request for placement of reciprocal deposits, the request defining a first set of requirements;
• receiving, from a second bank of origination, a second request for placement of reciprocal deposits, the request defining a second set of requirements;
• determining whether the first set of requirements matches the second set of requirements;
• and
• in response to determining that the first set of requirements matches the second set of requirements, performing an exchange of on-balance sheet deposits meeting the first set of requirements from the first bank of origination to off-balance sheet deposits to the second bank of origination, and receiving at the first bank of origination reciprocal deposits meeting the second set of requirements as new on-balance sheet deposits, wherein each of the first and second set of requirements includes a maturity and an interest rate.

A non-transitory computer readable medium having stored thereon executable instructions that when executed by the processor of a computer control the computer to perform steps comprising:

• receiving, from a first bank of origination, a first request for placement of reciprocal deposits, the request defining a first set of requirements;
• receiving, from a second bank of origination, a second request for placement of reciprocal deposits, the request defining a second set of requirements;
• determining whether the first set of requirements matches the second set of requirements;
• in response to determining that the first set of requirements matches the second set of requirements, performing an exchange of on-balance sheet deposits meeting the first set of requirements from the first bank of origination to off-balance sheet deposits to the second bank of origination, and receiving at the first bank of origination reciprocal deposits meeting the second set of requirements as new on-balance sheet deposits, wherein each of the first and second set of requirements includes a maturity and an interest rate.