Patent ID: 8234188

Claim:
A computer-implemented method for managing funds in custodial accounts at a depository institution held by a custodial agent on behalf of a plurality of customers, wherein said funds of said customers are deposited in the aggregate in said custodial accounts, and wherein said custodial accounts comprise an omnibus transaction account (“Omnibus TA”) and an omnibus money market deposit account (“Omnibus MMDA”), comprising: (a) receiving net daily transaction data for one or more of said plurality of customers representative of a net daily withdrawal from or a net daily deposit to said custodial accounts, and storing said net daily transaction data in a memory of said computer; (b) deriving, with one or more processors, a net balance change data for said Omnibus MMDA from said net daily transaction data, and storing said derived net balance change data in said memory; (c) comparing, with said one or more processors, said derived net balance change data to data representing the amount of funds in said Omnibus TA, and (d) allocating funds belonging to one or more of said plurality of customers from said Omnibus TA to said Omnibus MMDA, to offset a negative net balance change not greater than the amount of funds in said Omnibus TA.