Central Bank

The Central Bank serves as an internal bank for the University and a conduit for external financing.

Deposits with Central Bank - Internal Interest Policy

The Central Bank pays and charges interest on certain net asset balances (“deposits”) on a periodic basis. The Bank pays or charges interest based on the average 90-day T-Bill rate projected for the upcoming year. To the extent the rate paid or charged differs from actual experience, the Bank will add or deduct the difference from the rate projected for the next year.