Safe. Simple. Local. Keep your large public deposits safe and working for your community. 1 With IntraFi Network Deposits , formerly ICS ® and CDARS , the full amount of your large deposit can be used for local lending. Across the United States, local and state governmental organizations use IntraFi Network Deposits to access multi-million-dollar FDIC insurance through a single bank relationship and to eliminate the burden of ongoing collateral tracking, while earning a return that can compare favorably to Treasuries and other alternatives that share a similar risk profile. Funds can be placed into demand deposit accounts, money market deposit accounts, and CDs. ® SM ® See if your bank offers IntraFi Network Deposits or find one of the thousands that do. IntraFiNetworkDeposits.com [1] When deposited funds are exchanged on a dollar-for-dollar basis with other banks in IntraFi’s network of financial institutions, a bank can use the full amount of a deposit placed through IntraFi Network Deposits for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with the depositor‘s consent, a bank may choose to receive fee income instead of deposits from the banks. Under these circumstances, deposited funds would not be available for local lending. Placement of funds through IntraFi Network Deposits is subject to the terms, conditions, and disclosures in the program agreements, including the Deposit Placement Agreement (“DPA”). Limits apply and customer eligibility criteria may apply. Program withdrawals may be limited to six per month for funds placed in MMDAs. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before settlement for a deposit or after settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of IntraFi Network Deposits satisfies those restrictions. IntraFi Network, Network Deposits, and the IntraFi hexagon are service marks, and IntraFi, the IntraFi logo, ICS, and CDARS are registered service marks, of IntraFi Network LLC.
Cityscape November 2021: Page 2
