Patent ID: 8126803

Claim:
A method of assigning float in a financial institution, the method comprising: repeatedly extracting, through the use of a processor, information for a plurality of accounts from a plurality of disparate demand deposit account systems to determine current domestic information for each of the plurality of accounts, the current domestic information comprising the current domicile of the account; assigning, through the use of a processor, one of a plurality of normalized market segments to each of the plurality of accounts based at least in part on the current domicile for each of the plurality of accounts; assigning, through the use of a processor, one of the plurality of normalized market segments to a deposit credit for a corresponding account of the plurality of disparate demand deposit accounts; and producing, through the use of a processor, a float assignment for the deposit credit based at least in part on the normalized market segment assigned to the deposit credit and the corresponding account so that the float reflects both a deposit location and the current domestic information for the corresponding account.