Method and system for allocating deposits over a plurality of depository institutions

A system, comprising:

• one or more computers of a deposit management computer system comprising memory wherein the memory stores computer-readable instructions comprising program code that, when executed, cause the one or more computers to perform the steps:
• A. accessing, by the one or more computers, one or more electronic databases, stored on one or more computer-readable media, comprising:
• (1) aggregated account information for a plurality of Federal Deposit Insurance Corporation (FDIC)-insured and interest-bearing aggregated deposit accounts held in a plurality of banks, N, in a program, wherein funds from client accounts of a plurality of clients are aggregated with funds of other client accounts in the aggregated deposit accounts held in the banks in the program, where each client account represents funds of a respective client held in one or more of the aggregated deposit accounts, wherein the aggregated account information comprises a respective balance of funds held in each of the plurality of the aggregated deposit accounts;
• and
• (2) client account information for each of the respective client accounts comprising a respective balance of funds from the respective client account held in each of the one or more insured and interest-bearing aggregated deposit accounts holding funds of the respective client account;
• and
• B. performing the following steps for each of multiple of the client accounts:
• (1) obtaining, by the one or more computers, from one or more computers of a client relationship bank computer system, a client available deposit amount, Di, comprising funds to be distributed among more than one of the banks in the program;
• (2) determining, by the one or more computers, a bank number tier, Ti, for the client account, from among a plurality of tiers based, at least in part, on a level of funds associated with the respective client in the one or more databases relative to tier ranges, wherein each tier has a number of banks electronically associated therewith or a function for computing electronically the number of banks NT associated therewith, wherein the number of banks NT on the respective tier is more than is needed to obtain FDIC insurance for the client available deposit amount, Di in the program;
• (3) obtaining, by the one or more computers, a client percentage Xi to be distributed across the tier of banks NT, wherein Xi multiplied by NT is less than 100 so that there is a remainder amount, Ri
• (4) allocating, by the one or more computers, the client percentage Xi of the client available deposit amount, Di, equally across the banks, NT, so that a respective client portion, Pi, of the client available deposit amount, Di, is allocated equally to each respective bank in the number of banks, NT, in the client's tier, Ti, but the respective client portion, Pi, does not exceed a predetermined amount;
• (5) calculating, by the one or more computers, the remainder amount comprising a first amount, FAi, of funds allocated to each respective bank in the number of banks, NT, multiplied by the client number of banks in the tier NT for the client, subtracted from the client available deposit amount, Di;
• (6) allocating, by the one or more computers, the remainder amount Ri to one or more aggregated deposit accounts in one or across multiple safety banks in the program;
• (C) receiving, by the one or more computers, from the one or more computers of the client relationship bank computer system data for a net withdrawal/transfer for one of the client accounts;
• (D) selecting for allocation, using the one or more computers, one or more of the aggregated deposit accounts held in the one or more respective safety banks for the respective client account and allocating the respective net withdrawal/transfer first to be met with funds of the remainder amount Ri in the one or more respective safety banks for the respective client account;
• (E) generating, by the one or more computers, data for transferring funds to or from one or more of the banks in the program for the one or more aggregated deposit accounts held therein;
• and
• (F) updating, by the one or more computers, one or more of the electronic databases with update data for each of more than one of the client accounts, with the update data for each of these client accounts based, at least in part, on the client portions, Pi, allocated to each respective bank in the number of banks, NT, for the respective client account.