Save the Date 2020 Millennium Corporate Annual Meeting April 23 + 24 | 2020 Be There! Details Here
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Weekly Economic Commentary  Monthly Economic & Financial Digest

News & Events

CUBG 2019 National Business Services Conference

Of the two date/location options, one remains! September 23-25 in Savannah, GA - Be There!

2020 Annual Meeting Announcement

Millennium Corporate's 2020 Annual Meeting dates and location have been secured - The InterContinental Kansas City on the Country Club Plaza - Kansas City, MO, April 23 -24, 2020!

Everyone, step away from the office!

Millennium Corporate to close our doors for the day...Labor Day, Monday, September 2, 2019.

FOMC Statement | July 31, 2019

Information received since the Federal Open Market Committee met in June indicates that the labor market remains strong and that economic activity has been rising at a moderate rate.

CECL Implementation Delayed to 2023

AIM recommends patience in determining CECL solution.

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Rates & Commentary

Key Rates
Fed Funds Effective 2.110%
1 Month Libor 2.197%
Secured Overnight Financing Rate (SOFR) 2.180%
Sterling Overnight Index Average (SONIA) 0.710%
Dow Jones Industrial Average (DJIA) 25,741
Millennium Rates
Managed Liquidity
  Tier 1 | $100,000 - $499,999.99 1.90%
  Tier 2 | $500,000 - $9,999,999.99 2.00%
  Tier 3 | $10,000,000 and up 2.10%
Cash Management 0.25%
Perpetual Contributed Capital – Previous Month 2.90%
Overnight Loan Rate 3.00%

Daily Commentary

August 16, 2019

U.S. new-home construction unexpectedly fell in July for a third month on another drop in starts of apartment buildings that masked a gain in single-family units.

Full Commentary

Today, Tomorrow, Together