877-218-1776 
The special reserve account is all about protecting the customers’ assets. The Customer Protection Rule ensures that customer funds held by a broker dealer are maintained in safe areas of the business related to servicing its customers or are deposited in a special reserve bank account. The broker dealer must make the following monthly computation to determine the amount required to be on deposit in its special reserve bank account for the exclusive benefit of its customers:
(credit items − debit items) × 105% = the amount to be deposited in the special reserve account If the broker dealer computes weekly rather than monthly, only 100% of the credit excess must be deposited in the reserve account. A broker dealer must compute weekly if at any time its aggregate indebtedness exceeds 800% of its net capital or if its aggregate funds owed to customers exceeds $1 million. The deposit must be made by 10AM 2 business days after the calculation has been made.
The bank holding the special reserve account must acknowledge in writing that the account is the exclusive property of the customers of the broker dealer. As such the bank is not allowed to use those funds to meet the obligations of the broker dealer and the funds may not be used to secure a loan for the firm. If the amount of money customers owe the firm exceeds the sum owed to customers no deposit is required to be made into the separate account.