| From: | Martin Michlmayr <tbm(at)cyrius(dot)com> |
|---|---|
| To: | Michael Schultheiss <schultmc(at)spi-inc(dot)org> |
| Cc: | board(at)spi-inc(dot)org, Martin Zobel-Helas <zobel(at)spi-inc(dot)org>, spi-general(at)lists(dot)spi-inc(dot)org |
| Subject: | Re: Resolution 2018-09-10.mzh.1: Establishing additional SPI banks accounts |
| Date: | 2018-09-05 19:22:36 |
| Message-ID: | 20180905192236.mrgmxyd3skwgyyn4@jirafa.cyrius.com |
| Views: | Raw Message | Whole Thread | Download mbox |
| Thread: | |
| Lists: | spi-general |
* Michael Schultheiss <schultmc(at)spi-inc(dot)org> [2018-09-05 15:16]:
> Rationale: SPI currently holds in trust and in its general fund well
> over the FDIC insured limit. Dividing up SPI's funds just to remain
> under the FDIC insurance limit places undue burden on the SPI Treasury
> team. Since SPI and its associated projects do not need immediate access
> to all funds held in trust/general, a portion of the funds SPI holds
> should be placed in secure high interest bearing accounts such as
Agreed. (Personally, I see the risk of having too many bank accounts,
and the associated time to check everything is ok, higher than one of
the major banks failing in a way that funds are lost.)
--
Martin Michlmayr
https://www.cyrius.com/
| From | Date | Subject | |
|---|---|---|---|
| Next Message | Martin Zobel-Helas | 2018-09-05 21:05:34 | Re: Resolution 2018-09-10.mzh.1: Establishing additional SPI banks accounts |
| Previous Message | Michael Schultheiss | 2018-09-05 19:16:31 | Re: Resolution 2018-09-10.mzh.1: Establishing additional SPI banks accounts |