It does not need to pay an artificially high national brokered CD
rate to attract new funds.
Several years ago, the brokered CD
rates might have been considered a crude indicator of potential value of at least some of the financial instruments represented by deposit and core repurchase agreements.
The firm has a growing investment banking team with a focus on the middle market, complemented by an award-winning research team, sales and trading, corporate services and brokered CD
online deposit platform along with all deposits of GE Capital Bank, including online savings accounts, online CDs and brokered CDs
, capital transfer strategies, insurance annuities and wealth protection programs for members are just a few of these.
and 403b accounts are two ways new money has come to Kern Schools, Seyfert noted, adding the CU's investment program's success has hinged on offering products and services that best suits the cooperative's unique member base.
Many of these small banks also engaged in brokered CDs
, which banking agencies maintained have proved their undoing, figuring also in other 2009 failures.
CDs are an important part of capital preservation strategies, and as our success with CDARS placements and brokered CDs
indicates, we bring strong levels of support to CDs as an asset class," said Gary Strumeyer, president of BNY Mellon Capital Markets.
Since the first half of 2008 the Corporation has been replacing swapped-to-floating brokered certificates of deposit ("CDs") that matured or were called (due to lower short-term rates) with brokered CDs
that were not hedged with interest rate swaps; in this way, the Corporation locked-in current lower interest rates for longer periods.
The decision to issue long-term callable brokered CDs
in prior years allowed us to exercise our call option and replace this funding with lower cost funding in the current environment.
5 billion of brokered CDs
and approximately $800 million of retail and institutional CDs, after accounting for anticipated maturities.
Includes Agency bonds, Corporate bonds, Municipal bonds, Brokered CDs
, Pass-thrus, CMOs, and Asset Backed Securities.