Patent ID: 8301560

Claim:
A system for facilitating the exchange of reciprocal deposits, the system comprising: a first bank for participating in an exchange of reciprocal deposits; and a control center for implementing an exchange of reciprocal deposits between the first bank and a second bank for receiving deposits, wherein the control center is configured to: receive, from the first bank, a first request for placement of reciprocal deposits, the request defining a first set of requirements; receive, from the second bank, a second request for placement of reciprocal deposits, the request defining a second set of requirements; determine 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, perform an exchange of on-balance sheet deposits meeting the first set of requirements from the first bank to off-balance sheet deposits to the second bank, and receive at the first bank 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.