Fed Funds

What's in a name?
Obviously our Fed Funds investment choices — Fed Funds 1, Fed Funds 2 and Fed Funds 3 — were named prior to the advent of our marketing department. However, the name of the overnight investment option is not what is the most important, but rather what's behind the name. In light of the current financial crisis and the record number of bank failures, we thought it was an appropriate time for a review of the three options available for the investment of your overnight funds.

Fed Funds 1 are funds held overnight here at INTRUST Bank, N.A. By investing your funds with us, you are placing full faith in the safety of INTRUST Bank, and we think INTRUST is a good place to be. A few highlights of our current standing and performance as well as independent ratings are as follows:

We are fortunate to be in a market and a state with a strong banking community and we are proud to be a part of it.

Funds placed in Fed Funds 2 are invested on your behalf to a group of upstream banks. Quarterly analysis of each of these banks is performed. In addition, updates are performed especially in times such as these where changes are occurring daily. The standards we have established for an upstream bank include a core capital ratio of 6% and a Return on Average Assets (ROAA) of greater than 0.26% with a minimum investment dollar limit of $10 million. The maximum amount INTRUST will sell to an upstream bank is $20 million which requires core capital to be greater than 8% and ROAA to be greater than 1%. Furthermore, Moody's and Fitch ratings of these banks, in addition to credit quality and real estate exposure, are monitored. This group of banks is constantly changing and being closely monitored to ensure the upstream banks we invest overnight with are among the safest in the country.

An investment in Fed Funds 3 will be secured with U.S. agency securities pledged by INTRUST Bank. Therefore, the underlying credit risk is held in the securities themselves rather than INTRUST Bank. Due to a very limited amount of risk involved with this type of investment, the Fed Funds 3 product provides the smallest rate of return.

Current rates for Fed Funds can be found daily on our Web site.

Using Fed Funds 1 with INTRUST Bank is very easy with the automated sweep that does the heavy lifting for you. Funds are automatically invested or purchased depending upon what your needs for the day may be. Using INTRUST Treasury OnLine, you can see Fed Funds balances in real time. You can view detailed reporting of these transactions via your monthly paper statement you receive in the mail. The best part is you benefit from increased income or decreased interest expense in a convenient manner that will catch late day transactions you may not have been aware were heading your way.

If you would like more information on Fed Funds investment choices, please contact the Correspondent Banking department.

Learning and Development

Breaking News: INTRUST Bank Extends Course Offerings to Correspondent Banking Customers
Are you interested in developing and growing your personal and professional skills or the skills of your employees? If so, we have exciting news for you! INTRUST Bank is extending a variety of learning and development opportunities to our Correspondent Bank customers beginning this month. That's right! You will now be able to take advantage of many of the course offerings available to INTRUST employees. Course offerings will emphasize development of communication, leadership, and management skills. You and your employees will have an opportunity to enroll in Franklin Covey 7 Habits of Highly Effective People®, Microsoft Office 2007®, in-store sales training as well as other valuable course offerings.

Some classes are available online to allow you to work at your own pace, while others are held at our facilities in Wichita. The costs of the courses vary, but all are reasonably priced. A catalog with detailed course descriptions and costs is available on our Web site, as well as a schedule of upcoming classes.

To learn more about the learning and development opportunities available to you, please contact Heather Funck by e-mail or by calling 800-732-5120.

Staff Spotlight

Get to know Sierra Burris, Administrative Assistant.
Sierra Burris is a full-time college student and has been working at INTRUST Bank for the past 2 years as a part-time administrative assistant in the Correspondent Banking Department. Her duties include reconciling livestock inspections, servicing the participation files, doing advances and payments, and directing customer phone calls.

Sierra is finishing her associate of arts degree at Cowley County and will be transferring in the fall of 2009 to Wichita State University to complete her accounting degree. She is also engaged to Tony Whitmore and in the middle of planning a wedding for the summer of 2009. Tony is a student at Butler County and is working towards a certification in HVAC.

Most of her time is spent studying but when she does get the chance she enjoys spending time with all of her nieces and nephews, and playing with her 1-year-old Maltese puppy, Turbo.