I have been in contact with a US homebrewer who also has a PhD in microbiology and when I discussed the concept of slants and doing a yeast bank he said it is easier to manage a frozen yeast bank and that is what he does. It is the process I'm currently setting up to do. It is essentially the addition of glycerin to a water yeast blend and storing the vials in a freezer. The glycerin prevents any freezing and limited or no nutrient is present so mutation is limited compared the cryogenic storage processes the prefessionals use.
Here is a link to how it is done:
-Guide to making a frozen yeast bank-
http://www.homebrewtalk.com/f13/guide-maki...ast-bank-35891/