Correspondent Banking

Federal Funds

Managing liquidity and market conditions is not new to City National Bank. We have provided Federal funds lines for, and purchased funds from bank clients, on a consistent basis. Adding the agency program provides even more consistency for managing your bank's daily cash position. The value to you will be enhanced since the program assists in meeting requirements under Regulation F and minimizes your efforts.

Agency Federal Funds

In a continuing effort to support the requirements under Regulation F and provide a consistent program for the purchase of Federal funds, City National Bank offers the Agency Federal Fund Program. You establish a limit for all "buyers" in the program. The day-to-day activity of your money desk is minimized with one phonecall to our Money Desk. We maintain your limit per any one "buyer" in the program. "Buyers" are selected based upon their competitiveness and their ability to meet the criteria recommended by us as well as Regulation F.

A critical component of the Agency Federal Fund Program is our ability to provide you with periodic updates of Buyers' key financial performance indicators through a financial reporting service. Key financial elements established to be selected as a "Buyer" in the program are as follows:

• Top 300 banks nationwide, by size.
• Well-capitalized.
• Quarter-to-quarter earnings.
• Loan Loss Reserve (LLR), Net Charge Offs (NCOs), Non-Performing Assets, and Return on Assets (ROA) to be within normal peer rating.

Direct Federal Funds

City National Bank has demonstrated a competitive edge in the daily purchase of Federal funds through our consistent practice of providing a quality service at competitive rates. With our continued ability to produce year-over-year growth in loans, deposits, and revenues, CNB is strong to meet the requirements under Regulation F.

• Rates are quoted at the time of sale
• Trading times are 7:30 a.m. to 2:00 p.m., Pacific Time
• Funds must be delivered by 3:00 p.m.

Getting Started

To learn more, please call (213) 347-2679, 8:00 a.m. to 5:00 p.m. (Pacific time), Monday through Friday.