Abstract: A computer system and method, incorporating a computer network for conducting a savings and loan auction between a plurality of saver's institutions acting on behalf of a plurality of savers and a plurality of borrower's institutions acting on behalf of pre-qualified borrowers for a plurality of pre-set amounts of offered principal, each offered principal being offered for one of a plurality of pre-set time periods via a funds auctioneer, is provided. The system enables receiving an electronic savings deposit offer and ask rate from a prospective saver's institution over the network and an electronic loan request and bid rate from a prospective borrower's institution over the network.