Federal Reserve | Communication to POSEIDON

[Odinson]

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OFFICE OF THE VICE CHAIR​

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SECURE​

TO: Camille de la Fontaine, CEO of POSEIDON ( Alex )​

FROM: Avery Black, Vice Chair of The Board of Governors of The Federal Reserve System

Ms. Fontaine,

I am pleased to inform you that the Board of Governors have approved POSEIDON's application to have a Reserve Savings Account with the Federal Reserve System. I highly recommend that you further review our terms and conditions that lay out exactly how these accounts work, when and how your company can withdraw money if it needs to, how interest is accrued, and how the interest rate is set. As our homepage says, there is no risk of your RSA ever being charged negative interest.

In order to complete opening your account, please transfer at least $1,025,000,000 to your new account - the minimum opening balance is $1-billion and there is of course a one-time administrative fee of $25,000,000 to opening an account. If you would like to deposit more than one-billion dollars, then please feel free to do so.

Please also note that your account will begin accruing interest during [the first full IRL month] that your account exists, which is [next month, May]. This means that the first Interest Day, in which your account will be paid interest, will be [May 2, 2023].

The Board of Governors is excited that POSEIDON has opened an account, and we look forward to our continued business relationship. Please feel free to contact our office with any questions or concerns that you may have. Also, you can view the live balance of your account here at any time.​

Best regards,

Avery Black
Vice Chair of The Federal Reserve System
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[Odinson]

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OFFICE OF THE VICE CHAIR​

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SECURE​

TO: Camille de la Fontaine, CEO of POSEIDON ( Alex )
FROM: Avery Black, Vice Chair of The Board of Governors of The Federal Reserve System

Ms. Fontaine,

I am writing to inform you that POSEIDON's account with the Federal Reserve has yielded a 1.9% interest payment of $23,275,000.00, which has been deposited directly into your account. POSEIDON's account balance has increased from $1,225,000,000.00 to $1,248,275,000.000. Please let me know if you have any concerns or questions.​

Best regards,

Avery Black
Vice Chair of The Federal Reserve System
​

 

[Odinson]

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OFFICE OF THE VICE CHAIR​

---

SECURE​

TO: Camille de la Fontaine, CEO of POSEIDON ( Alex )
FROM: Avery Black, Vice Chair of The Board of Governors of The Federal Reserve System

Ms. Fontaine,

I am writing to inform you that POSEIDON's account with the Federal Reserve has yielded a 2.0% interest payment of $24,965,500.00, which has been deposited directly into your account. POSEIDON's account balance has increased from $1,248,275,000.00 to $1,273,240,500.00. Please let me know if you have any concerns or questions.​

Best regards,

Avery Black
Vice Chair of The Federal Reserve System
​