Patents by Inventor Richard W. Whiting

Richard W. Whiting has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Patent number: 7904372
    Abstract: Methods and systems for facilitating transactions between commercial banks and pooled depositor groups are disclosed. Employees of a control center determine interest rate return needs of pooled depositor groups, such as trust departments at commercial banks. The control center employees aggregate the funds to produce a stable funds source and communicate the availability of the stable funds source to commercial banks for core deposits. The commercial banks communicate cash needs to the control center. The control center sets an interest rate to be paid to the pooled depositor groups for use of the funds to at least the depositor groups' expected rate of return and below and the rate that commercial banks are willing to pay for the funds. The banks post master NOW accounts and the pooled depositor groups deposit funds in the master NOW accounts. The pooled depositor groups are allowed to access the funds in the master NOW accounts on a daily basis without penalty.
    Type: Grant
    Filed: August 21, 2003
    Date of Patent: March 8, 2011
    Assignee: Finistar, Inc.
    Inventors: Richard W. Whiting, Kim B. Winslow, Victor Briabrin, Tully M. Ryan
  • Patent number: 7895099
    Abstract: Methods and systems for facilitating transactions (200) between commercial banks and pooled depositor groups are disclosed. Employees of a control center determine interest rate return needs of pooled depositor groups (210), such as trust departments at commercial banks. The control center employees aggregate (204) the funds to produce a stable funds source and communicate the availability of the stable funds source to commercial banks for core deposits (210). The commercial banks communicate cash needs to the control center (202). The control center sets an interest rate (206) to be paid to the pooled depositor groups for use of the funds to at least the depositor groups'expected rate of return and below and the rate that commercial banks are willing to pay for the funds. The banks post master NOW accounts and the pooled depositor groups deposit funds in the master NOW accounts (212).
    Type: Grant
    Filed: August 23, 2004
    Date of Patent: February 22, 2011
    Assignee: Finistar, Inc.
    Inventors: Richard W. Whiting, Kim B. Winslow, Victor Briabrin, Tully M. Ryan
  • Patent number: 6588214
    Abstract: Interaction between mating gas turbine combustor components due to vibrations and assembly tolerances can cause excessive wear and premature replacement. Typically, wear reduction features, such as hardened materials, are used to minimize the amount of wear or direct such wear to a specific component. The present invention discloses an improved wear reduction device for the interface between a gas turbine combustor transition duct end frame and the turbine inlet. The improved wear reduction device incorporates “L-shaped” wear strip inserts, constructed of a hardened material, and fixed along the sidewalls of the end frame to protect it from wear by the mating turbine inlet seal. The improved wear strip insert provides a cost savings by not requiring costly manufacturing tooling to form the wear strip inserts, unlike previous wear reduction techniques for the same component interface.
    Type: Grant
    Filed: October 9, 2001
    Date of Patent: July 8, 2003
    Assignee: Power Systems MFG, LLC
    Inventors: Brian R. Mack, Richard W. Whiting
  • Publication number: 20030066292
    Abstract: Interaction between mating gas turbine combustor components due to vibrations and assembly tolerances can cause excessive wear and premature replacement. Typically, wear reduction features, such as hardened materials, are used to minimize the amount of wear or direct such wear to a specific component. The present invention discloses an improved wear reduction device for the interface between a gas turbine combustor transition duct end frame and the turbine inlet. The improved wear reduction device incorporates “L-shaped” wear strip inserts, constructed of a hardened material, and fixed along the sidewalls of the end frame to protect it from wear by the mating turbine inlet seal. The improved wear strip insert provides a cost savings by not requiring costly manufacturing tooling to form the wear strip inserts, unlike previous wear reduction techniques for the same component interface.
    Type: Application
    Filed: October 9, 2001
    Publication date: April 10, 2003
    Inventors: Brian R. Mack, Richard W. Whiting