A Better Option for Banks: Excess Deposit Bonds

Volatile markets. Inflation. Supply chain issues. Competition. All are ever-changing. What?s not changing is the need for public officials ? from school district administrators to town and city leaders, park district commissioners and more ? to protect taxpayer funds, particularly when large, long-term deposits are made. Growing deposits while limiting funding risks is a clear priority for financial institutions of all sizes. However, as a result of the Great Recession of 2008, today?s banks face many more regulations regarding how they fund their balance sheets. Many have been forced to focus on utilizing traditional funding sources and increasing diversification. Banks cannot be over-reliant on brokered deposits. Securitization options have been limited to pledged securities, letters...

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