It is the intention of United Bankers' Bank to be a regional market maker in Fed Funds. UBB will pay market premium rates to attract sellers of Fed Funds. UBB intends to meet the funding needs of community banks by selling Fed Funds on a consistent best efforts basis subject to market conditions and fund availability as determined by UBB at its sole discretion.
Effective Feb. 1, 2008, UBB modified its Fed Funds Guidelines as follows:
UBB retains the right within its discretion to change or modify its Fed Funds program. In particular, customer financial performance or market strategies initiated by a customer that significantly raises risk as determined by UBB may result in Fed Fund borrowings being limited, subject to interest rate increases, available on a secured basis only, or not available at all.
We encourage you to review the Federal Funds Agreement for the complete terms of the UBB Fed Funds Program, and contact your correspondent banking officer with any questions you may have.