Reich & Tang offers comprehensive funding programs for banks, FDIC-insured programs for the brokerage, advisory, trust, and public funds markets, and other high-quality solutions to meet the short-term investment and deposit funding needs of businesses and their clients. However, Reich & Tang is not a depository bank, and its programs are not FDIC-insured products. Instead, participating institutions can sweep their or their customers' funds into deposit accounts at receiving institutions that are insured by the FDIC, subject to SMDIA limits, opt-outs, and other program terms and conditions.