Here’s a quick look at how the Reich & Tang Insured Deposits program works:

Cash balances from your customers’ brokerage accounts are sent daily into our Insured Deposits program, where we develop and use a non-discretionary methodology to allocate the deposits among one or more program banks.


Brokerage  Account


Reich & Tang Insured Deposits


Allocation Process


FDIC-Insured Banks

$250,000 per bank up to program limit per customer

No one bank receives more than $250,000** to ensure that your customers’ cash is fully protected at all times.

Each customer’s cash balance (whether savings or temporary liquidity pending investment opportunities) is accessible at any time and is FDIC-insured up to the total cash balances or the program maximum, whichever is less.

** In instances where customers’ cash balances exceed the program maximum, the amount exceeding the maximum may not be insured, and allocation to certain program banks may exceed $250,000.

Learn more about the Reich & Tang deposit, liquidity and funding solutions.

03 Process