Deposit Exchange

Description: • There are about 6,000 banks in the US. • Each Bank has a Unique name. • Each Bank has a Unique Identifying set of numbers. We can provide a list of banks with names and Unique Identifying numbers. Our objective is to have a number of banks (2000 ?) open a bank account and deposit $245,000 into as many banks as are willing to “reciprocate” and open a deposit account in the same amount, with them. • We want each bank to give us the total number of “reciprocal accounts” that they wish to enter into and have the system match them with other banks. • i.e. Bank #1 opens an account with Bank #2 and Bank #2 opens an account with Bank #1. • We repeat the process with the next bank and Bank #1 opens an account with Bank #3 and Bank #3 opens an account with bank #1. We want to repeat the above with up to 2,000 banks with a total number for each bank derived from their instructions on the number of “reciprocal accounts” they want to establish. • Banks will be interested in different number of “reciprocal accounts”. The system needs to take care of this and let us know, based on information in the system, the number of “reciprocal accounts” that a particular bank may be able to enter into on day one. • Need to convert the number of banks in a relationship into $ by multiplying the number of banks by $245,000 in a separate column.