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Repurchase Agreement

In a repurchase agreement, Bank of Labor sweeps funds, in a pre-agreed upon amount (account balance threshold) into an account secured with government-issued collateral (i.e., Federal Home Loan Bank obligations) that has been reassigned to your business. All deposits above and beyond the amount insured by the Federal Deposit Insurance Corporation may be secured by investments in the bank’s portfolio. Bank of Labor may pledge the following types of securities, among others, for the safekeeping and payment of deposits:
  • Bonds or other obligations of the United States
  • Bonds or other obligations of any of the state, city, county, or school districts of Missouri
  • State bonds of other states
  • Bonds guaranteed as payment of principal and interest by the government of the United States or any agency or instrumentality thereof

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Securities are not insured by the FDIC. Not deposits or other obligations of Brotherhood Bank & Trust. Not guaranteed by Brotherhood Bank & Trust. Subject to investment risks, including possible loss of the principal invested.