Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
Federal Register Publications

Comments RIN 3064-AF99

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 68244
Comment Period End: October 22, 2024

Extension of Comment Period 89 FR 82537
Extended Comment Period End: November 21, 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
03. Summit National Bank, John Miller
04. Jason Giannelli
05. Pennsylvania State Grange, Matthew Espenshade
06. Dakota County Regional Chamber of Commerce, Jon Althoff
07. PennAg Industries Association, Christian R. Herr
08. St. Paul Area Chamber, John Perlich
09. California Hispanic Chambers of Commerce, Julian Canete
10. Doug McLinko
11. Andy Wilke
12. Elise Oliver
13. The Bank of Landisburg, Patti L. Mclaughlin
14. Whitehorse Strategies, Joshua Henne
15. Fishtown Kensington Area Business Improvement District, Marc D. Collazzo
16. Fishtown District, Marc D. Collazzo, J.D.
17. Tai
18. Tendon Manufacturing Inc., Michael J. Gordon Sr.
19. The Orange County Hispanic Chamber of Commerce (OCHCC), Reuben Franco
20. The State Exchange Bank (SEB), Nancy Hohmann
21. Hospitality Minnesota, Angie Whitcomb
22. Cynthia D. Blake
23. The Dime Bank, Honesdale, PA, Peter Bochnovich
24. Build with Brick, Jillian Riddell McDonnell
25. Lamont Mackley
26. Woodloch Pines Inc., Bradley Kiesendahl
27. Spiro Harrison & Nelson LLC, Brian M. Nelson
28. Regional Hispanic Chamber of Commerce, Sandy Cajas
29. Ashley Peterson
30. Katherine Starkey
31. Reese Thompson
32. Welch State Bank, James A. Stoner
33. Kasasa, Patrick J. Laughlin
34. Welch State Bank, Mathew J. Boston
35. International Bancshares Corporation (IBC), Dennis E. Nixon
36. Neighborhood Development Center, Renay Dossman
37. Paxos, Charles Cascarilla
38. First Financial Northwest Bank, Joseph W. Kiley
39. Bank of Star Valley, Rod Jensen
40. American Deposit Management, LLC
41. The Bank of Tescott, Larry Fief
42. Wayne County Bank, Randy G. Butler
43. Illini State Bank, Alan Stremlau
44. Small Business Development Corporation of Orange County, Michael A. Ocasio
45. Valley Industry and Commerce Association, Stuart Waldman

Meeting Memoranda

01. Meeting Memoranda Between Office of the Comptroller of the Currency and Goldman Sachs, Bank of America, Morgan Stanley, Raymond James, and Charles Schwab
02. Meeting Between Staff of the Federal Deposit Insurance Corporation (FDIC) and Representatives of Industry Participants
03. Meeting with Securities Industry and Financial Markets Association and Other Industry Participants


 

Last Updated: November 7, 2024