Correspondent Banking
Fed Funds Program

As a correspondent bank partner, you can take advantage of our experience in the Federal Funds markets.

Federal Funds Investments

First National Bank purchases Federal Funds as principal from correspondent banks with excess liquidity. There are no fees applied, which allows for a greater return on your investment. For the purposes of evaluating interbank liabilities exposure, please contact the Correspondent Banking Department for current capital adequacy ratios.

Federal Funds Purchased

First National Bank allows correspondent banks to borrow Federal Funds on a secured basis. Securities are held in safekeeping at First National Bank, and valued at the following levels: 90% of U.S. Treasuries, 80% of U.S. Agencies, and 90% of First National Bank Brokered CDs, all at par basis. A secured borrowing line may be used 365 consecutive days when appropriate collateral is pledged.

Federal Funds Program Terms

The term of both investments and purchases is daily. Entries for principal and interest amounts are made each day to the correspondent bank account. A confirmation of the transaction is sent via fax to your location. Positions can be changed daily until 3:00 p.m. central time by contacting First National Capital Markets at (800) 401.2265. For your convenience, online change templates can be found at the following websites: www.firstnationalcapitalmarkets.com and on Treasury Link at www.firstnational.com. First National Bank can also position your account automatically at your request.

Are you ready? E-mail us today. We'll be happy to contact you shortly. Or call our Omaha, NE office at 800.642.9907, Monday through Friday 8:00 a.m. - 5:00 p.m. CT, or our Colorado Loan Production Office at 800.574.4095, Monday through Friday 8:00 a.m. - 5:00 p.m. MT.