Limited Exception for a Capped Amount of Reciprocal Deposits from Treatment as Brokered Deposits

Title:

Limited Exception for a Capped Amount of Reciprocal Deposits from Treatment as Brokered Deposits

Subject: Brokered deposits
Agency: FDIC
Status: Final rule
Summary:

The FDIC is amending its regulations that implement brokered deposits and interest rate restrictions to conform with recent changes to section 29 of the Federal Deposit Insurance Act made by section 202 of the Economic Growth, Regulatory Relief, and Consumer Protection Act related to reciprocal deposits, which took effect on May 24,2018. The FDIC is also making conforming amendments to the FDIC’s regulationsgoverning deposit insurance assessments.

FR Doc: 2018-28137
Date proposed: September 13, 2018
Comments due date:
Final rule effective date: March 6, 2019
Rule compliance date: February 4, 2019 (publication date in Federal Register)
Agency release:

Related Reg Report item(s):

FDIC sets final brokered deposits rule under EGRRCPA; issues ANPR as part of comprehensive reg review

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