Abstract: Disclosed are systems, methods and computer program products for managing deposit accounts. A computer-based system allocates depositor funds among a plurality of FDIC-insured deposit accounts held in a plurality of deposit institutions, such as savings banks. The system establishes a deposit limit for each deposit institution to ensure that accounts always remains under the FDIC insurance limit and stabilizes the deposit base by facilitating movement of funds to and from participating deposit institutions through a trust account at a custodian institution. The system also automatically reconciles all balances and account activity on a daily basis to assure proper allocation of interest payments and bank fees. The system also performs a fully automated daily allocation process which provides detailed instruction to the custodian institution for the execution of cash allocation among the plurality of deposit institutions to ensure that all deposit accounts always remains under the FDIC insurance limit.

Abstract: This invention relates to information escrow and anonymous reporting systems and methods, but more specifically, to an independent information storage and retrieval system that escrows information anonymously reported under the Sarbanes-Oxley Act. The present invention aims to provide public companies with a system and method to comply with the Sarbanes-Oxley Act. The Act requires public companies to establish procedures for the receipt, retention, and treatment of complaints received by the issuer of securities regarding accounting, internal accounting controls, or auditing matters; and the confidential, anonymous submissions by employees of the issuer of concerns regarding questionable accounting or auditing matters. To achieve this goal, the invention provides a method and a system for implementing the methods that are specifically directed to statutory compliance.