Calculate-Your-Earnings-Credit.pdf

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1、CALCULATEYOUREARNINGSCREDITTocalculateyourEarningsCredit,pleaseenterthefollowingdata:ExampleWorksheetAverageLedgerBalanceAverageFloatAveragePositiveAvailableBalanceNegativeAvailableBalanceEarningsCreditRateshouldbeEarningsCreditRateenteredasadecimal-ex

2、ample:1%shouldbeenteredas.01EstimatedActivityChargesBalanceInformationExampleWorksheetAverageLedgerBalanceLess:AverageFloatAverageAvailableBalancePositivePosition30Daysofaverageledgerbalance28DaysofaverageavailablebalanceNegativePosition2daysofnegative

3、availablebalanceEarningsCreditSummaryAveragePositiveAvailableBalanceReservesonPositivePositionAverageLedgerBalance@10%InvestableBalanceEarningsCreditRateat1.00%(1)ChargeforNegativeAvailableBalanceat9%(1)NetEarningsCreditLessActivityChargesNetAnalysisTo

4、talAmountDue(1)RateusedforexamplepurposesonlyAverageLedgerBalance:Theaveragebalancemaintainedinacheckingaccount.Itisthesumofeachday'sledgerbalancedividedbythenumberofdaysinthestatementperiod.AverageFloat:Thesumofeachday'sledgerbalancethatconsistsofunco

5、llectedfundsdividedbythenumberofdaysinthestatementperiod.AverageCollectedBalance:Theaverageledgerbalancelesstheaverageuncollectedbalances.ReserveRequirement:ThepercentageofaccountbalancerequiredtobekeptondepositattheFederalReserveBank.InvestableBalance

6、:Thebalanceremainingafterthereserverequirementisdeductedfromtheaverageavailablebalance.EarningsCreditRate:TheearningscreditrateissetbyBankManagementandiscalculatedmonthly.