Invention Grant
- Patent Title: Systems and methods for enhancing compliance with the federal reserve custodial inventory (CI) procedures
- Patent Title (中): 加强遵守联邦储备保管清单(CI)程序的制度和方法
-
Application No.: US12036431Application Date: 2008-02-25
-
Publication No.: US08175942B2Publication Date: 2012-05-08
- Inventor: Kristy M. Crist , Adam S. Byerley
- Applicant: Kristy M. Crist , Adam S. Byerley
- Applicant Address: US NC Charlotte
- Assignee: Bank of America Corporation
- Current Assignee: Bank of America Corporation
- Current Assignee Address: US NC Charlotte
- Agency: Weiss & Arons LLP
- Agent Michael Springs
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
Systems, methods and consumer-readable media for enhancing compliance with the Federal Reserve Custodial Inventory procedures are provided. The system may include an inventory management system for retrieving cash balance inventory information and an information management system for receiving Fed Cash information. This information may be retrieved using specific process steps and predetermined timing. The cash balance inventory information may include information about the amount of unverified cash in inventory. The Fed Cash information may include Custodial Inventory information, minimum vault holding requirement information, a Federal Reserve Cap and physical space cap for Custodial Inventory. The system may also display an amount that can be deposited in the Custodial Inventory. The amount may be based at least in part on the cash balance inventory information, the Custodial Inventory information, the minimum vault holding requirement information, the Federal Reserve Cap for Custodial Inventory and a ratio of 10 and/or 20 dollar bills in unverified cash balance to a total unverified cash balance.
Public/Granted literature
Information query