Unsafe and Unsound Banking Practices: Brokered Deposits Restrictions
12 CFR Parts 303 and 337 RIN 3064–AF99
Notice of proposed rulemaking
Summary: The Federal Deposit Insurance Corporation (FDIC) is inviting comment on proposed revisions to its regulations relating to the brokered deposits restrictions that apply to less than well-capitalized insured depository institutions. The proposed rule would revise the ‘‘deposit broker’’ definition and would amend the analysis of the ‘‘primary purpose’’ exception to the ‘‘deposit broker’’ definition. The proposed rule would also amend two of the designated business relationships under the primary purpose exception and make changes to the notice and application process for the primary purpose exception. In addition, the proposed rule would clarify when an insured depository institution can regain status as an ‘‘agent institution’’ under the limited exception for a capped amount of reciprocal deposits.
89 FR 67002
Comment Period End: October 22, 2024
Submit Comment
PDF Help - Information on downloading and using the PDF reader.
| Submitted By |
|---|
| 01. American Bankers Association, American Fintech Council |
| 02. Samuel Haskell |