{"description":"Documents matching 'reciprocal deposits' and from Federal Deposit Insurance Corporation","count":79,"total_pages":4,"next_page_url":"https://www.federalregister.gov/api/v1/documents?conditions%5Bagencies%5D%5B%5D=federal-deposit-insurance-corporation&conditions%5Bterm%5D=reciprocal+deposits&format=json&page=2","results":[{"title":"Reciprocal Deposits: Implementing the 21st Century ROAD to Housing Act","type":"Rule","abstract":"The Federal Deposit Insurance Corporation (FDIC) is amending its brokered deposit regulations to conform with recent changes to section 29 of the Federal Deposit Insurance Act made by section 902 of the 21st Century ROAD to Housing Act related to reciprocal deposits, which took effect on July 11, 2026. The FDIC is also providing certain clarifications regarding the reciprocal deposit framework to facilitate and simplify compliance. The FDIC invites public comment on this interim final rule.","document_number":"2026-17865","html_url":"https://www.federalregister.gov/documents/2026/09/01/2026-17865/reciprocal-deposits-implementing-the-21st-century-road-to-housing-act","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-09-01/pdf/2026-17865.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-17865.pdf?1788180318","publication_date":"2026-09-01","agencies":[{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"covered <span class=\"match\">deposit</span> can an agent institution then “receive” an amount of <span class=\"match\">reciprocal</span> <span class=\"match\">deposits</span> that causes the total amount of its <span class=\"match\">reciprocal</span> <span class=\"match\">deposits</span> held by the agent institution to be greater than its \n special cap. \n 18 \n \n Thus, an institution cannot receive nonmaturity <span class=\"match\">reciprocal</span> <span class=\"match\">deposits</span> if it does not first place additional covered <span class=\"match\">deposits</span> through a <span class=\"match\">deposit</span> placement network.\n \n \n \n 18 \n  As explained in the 2018 final rule, renewing or rolling over maturity <span class=\"match\">reciprocal</span> <span class=\"match\">deposits</span> would be considered placement and receipt of <span class=\"match\">reciprocal</span> <span class=\"match\">deposits</span>. \n See"},{"title":"Proposed Agency Information Collection Activities; Comment Request","type":"Notice","abstract":"In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the OCC, the Board, and the FDIC (the agencies) may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The Federal Financial Institutions Examination Council (FFIEC), of which the agencies are members, has approved the agencies' publication for public comment of a proposal to revise and extend for three years the Consolidated Reports of Condition and Income (Call Report) (FFIEC 031, FFIEC 041, and FFIEC 051) which is currently an approved collection of information. The agencies are requesting comment on revisions to these collections related to an interim final rule issued by the FDIC that implements section 902 of the 21st Century ROAD to Housing Act. The agencies received emergency approval from OMB for these revisions.","document_number":"2026-21841","html_url":"https://www.federalregister.gov/documents/2026/10/27/2026-21841/proposed-agency-information-collection-activities-comment-request","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-10-27/pdf/2026-21841.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-21841.pdf?1793018712","publication_date":"2026-10-27","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"},{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"},{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"Current Actions \n \n Section 29 of the Federal <span class=\"match\">Deposit</span> Insurance Act (FDI Act) restricts insured depository institutions that are less than well capitalized from accepting brokered <span class=\"match\">deposits</span>. <span class=\"match\">Reciprocal</span> <span class=\"match\">deposits</span> \n 2 \n \n obtained, directly or indirectly, from or through the mediation or assistance of a <span class=\"match\">deposit</span> broker are a subset of brokered <span class=\"match\">deposits</span> and generally must be reported as brokered <span class=\"match\">deposits</span> unless an exception applies. Section 29(i) of the FDI Act provides a limited exception for <span class=\"match\">reciprocal</span> <span class=\"match\">deposits</span> to allow an insured depository institution"},{"title":"Unsafe and Unsound Banking Practices: Brokered Deposits Restrictions","type":"Proposed Rule","abstract":"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.","document_number":"2024-18214","html_url":"https://www.federalregister.gov/documents/2024/08/23/2024-18214/unsafe-and-unsound-banking-practices-brokered-deposits-restrictions","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-08-23/pdf/2024-18214.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-18214.pdf?1724330714","publication_date":"2024-08-23","agencies":[{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":" and provides that a “brokered <span class=\"match\">deposit</span>” is a <span class=\"match\">deposit</span> obtained, directly or indirectly, from or through the mediation or assistance of a <span class=\"match\">deposit</span> broker.\n 38 \n \n Thus, the meaning of the term “brokered <span class=\"match\">deposit</span>” turns upon the definition of “<span class=\"match\">deposit</span> broker.”\n \n \n \n 35 \n  12 U.S.C 1831f.\n \n \n \n \n 36 \n  12 U.S.C. 1831f(a). An “undercapitalized” depository institution is prohibited from accepting <span class=\"match\">deposits</span> from a <span class=\"match\">deposit</span> broker. An “adequately capitalized” insured depository institution may accept <span class=\"match\">deposits</span> from a <span class=\"match\">deposit</span> broker only if it has received"},{"title":"Regulatory Publication and Review Under the Economic Growth and Regulatory Paperwork Reduction Act of 1996","type":"Proposed Rule","abstract":"Pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA), the OCC, Board, and FDIC (collectively, the agencies) are reviewing agency regulations to identify outdated or otherwise unnecessary regulatory requirements on insured depository institutions and their holding companies. Since February 2024, the agencies published three Federal Register documents requesting comment on multiple categories of regulations. This fourth Federal Register document requests comment on the final three categories of regulations: Banking Operations, Capital, and the Community Reinvestment Act, and agency rules issued in final form as of July 25, 2025, including those covered by the three prior documents.","document_number":"2025-14060","html_url":"https://www.federalregister.gov/documents/2025/07/25/2025-14060/regulatory-publication-and-review-under-the-economic-growth-and-regulatory-paperwork-reduction-act","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-07-25/pdf/2025-14060.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-14060.pdf?1753361118","publication_date":"2025-07-25","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"},{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"},{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"56 \n  88 FR 83329 (Nov. 29, 2023).\n \n \n \n • \n <span class=\"match\">Reciprocal</span> <span class=\"match\">Deposits</span>. \n The FDIC amended its regulations implementing brokered <span class=\"match\">deposits</span> and interest rate restrictions to conform with changes to section 29 of the Federal <span class=\"match\">Deposit</span> Insurance Act made by section 202 of the Economic Growth, Regulatory Relief, and Consumer Protection Act related to <span class=\"match\">reciprocal</span> <span class=\"match\">deposits</span>.\n 57 \n \n \n \n \n 57 \n  84 FR 1346 (Feb. 4, 2019).\n \n \n \n • \n Current Expected Credit Losses Methodology. \n The FDIC addressed the temporary <span class=\"match\">deposit</span> insurance assessment effects resulting from certain"},{"title":"Regulatory Publication and Review Under the Economic Growth and Regulatory Paperwork Reduction Act of 1996","type":"Proposed Rule","abstract":"Pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA), the OCC, Board, and FDIC (collectively, the agencies) are reviewing agency regulations to identify outdated or otherwise unnecessary regulatory requirements on insured depository institutions and their holding companies. Over approximately two years, the agencies will publish four Federal Register documents requesting comment on multiple categories of regulations. This third Federal Register document requests comment on regulations in the categories of Rules of Procedure; Safety and Soundness; and Securities.","document_number":"2024-28939","html_url":"https://www.federalregister.gov/documents/2024/12/11/2024-28939/regulatory-publication-and-review-under-the-economic-growth-and-regulatory-paperwork-reduction-act","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-12-11/pdf/2024-28939.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-28939.pdf?1733838317","publication_date":"2024-12-11","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"},{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"},{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"59 \n  82 FR 35584 (July 31, 2017).\n \n \n \n • \n Limited Exception for a Capped Amount of <span class=\"match\">Reciprocal</span> <span class=\"match\">Deposits</span> from Treatment as Brokered <span class=\"match\">Deposits</span>: \n In 2019, the FDIC amended its regulations on brokered <span class=\"match\">deposits</span> and interest rate restrictions to conform with changes to section 29 of the Federal <span class=\"match\">Deposit</span> Insurance Act made by section 202 of the EGRRCPA related to <span class=\"match\">reciprocal</span> <span class=\"match\">deposits</span>. The FDIC also made conforming amendments to the FDIC's regulations governing <span class=\"match\">deposit</span> insurance assessments.\n 60 \n \n \n \n \n 60 \n  84 FR 1346 (Feb. 4, 2019); 84 FR 15095 (April"},{"title":"Recordkeeping for Custodial Accounts","type":"Proposed Rule","abstract":"The Federal Deposit Insurance Corporation (FDIC) is proposing requirements that would strengthen FDIC-insured depository institutions' (IDI) recordkeeping for custodial deposit accounts with transactional features and preserve beneficial owners' and depositors' entitlement to the protections afforded by Federal deposit insurance. The proposal is intended to promote the FDIC's ability to promptly make deposit insurance determinations and, if necessary, pay deposit insurance claims \"as soon as possible\" in the event of the failure of an IDI holding custodial accounts with transactional features. The proposed requirements also are expected to result in depositor and consumer protection benefits, such as promoting timely access by consumers to their funds, even in the absence of the failure of an IDI. The requirements described in this document would only apply to IDIs offering custodial accounts with transactional features and that are not specifically exempted as provided in this document.","document_number":"2024-22565","html_url":"https://www.federalregister.gov/documents/2024/10/02/2024-22565/recordkeeping-for-custodial-accounts","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-10-02/pdf/2024-22565.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-22565.pdf?1727786728","publication_date":"2024-10-02","agencies":[{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"currently $250,000 for <span class=\"match\">deposits</span> held in each <span class=\"match\">deposit</span> ownership category. If the pass-through insurance requirements are not satisfied, the <span class=\"match\">deposit</span> is insured to the person named on the IDI's records and aggregated with any other <span class=\"match\">deposits</span> that person holds at the same IDI in the same ownership category. The FDIC makes determinations with respect to pass-through <span class=\"match\">deposit</span> insurance coverage at the time an IDI fails.\n 5 \n \n \n \n \n 4 \n  The FDIC is statutorily required to aggregate, for purposes of the <span class=\"match\">deposit</span> insurance limit, <span class=\"match\">deposits</span> maintained by a depositor"},{"title":"Community Reinvestment Act","type":"Rule","abstract":"The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) are adopting final amendments to their regulations implementing the Community Reinvestment Act of 1977 (CRA) to update how CRA activities qualify for consideration, where CRA activities are considered, and how CRA activities are evaluated.","document_number":"2023-25797","html_url":"https://www.federalregister.gov/documents/2024/02/01/2023-25797/community-reinvestment-act","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-02-01/pdf/2023-25797.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-25797.pdf?1706708716","publication_date":"2024-02-01","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"},{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"},{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"§ __.42.\n \n \n Accordingly, the definition of “<span class=\"match\">deposits</span>” in the final rule provides that: (1) for banks that collect, maintain, and report <span class=\"match\">deposits</span> data as provided in § __.42, “<span class=\"match\">deposits</span>” means <span class=\"match\">deposits</span> in domestic offices of individuals, partnerships, and corporations, and of commercial banks and other depository institutions in the United States as defined in Schedule RC-E of the Call Report; <span class=\"match\">deposits</span> does not include U.S. Government <span class=\"match\">deposits</span>, State and local government <span class=\"match\">deposits</span>, domestically held <span class=\"match\">deposits</span> of foreign governments or official institutions"},{"title":"Regulatory Capital Rule: Category I and II Banking Organizations, Banking Organizations With Significant Trading Activity, and Optional Adoption for Other Banking Organizations","type":"Proposed Rule","abstract":"The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation are proposing to modernize the capital requirements applicable to Category I and II depository institution holding companies and depository institutions, as well as revise the market risk capital framework for banking organizations with significant trading activity (the proposal). The proposal would improve the regulatory capital framework for covered banking organizations by enhancing its risk sensitivity and consistency and by simplifying core components of its design. The agencies expect the proposal would support the safety and soundness of covered banking organizations and U.S. financial stability while promoting lending and other financial intermediation activities in the banking system over a range of economic conditions.","document_number":"2026-05959","html_url":"https://www.federalregister.gov/documents/2026/03/27/2026-05959/regulatory-capital-rule-category-i-and-ii-banking-organizations-banking-organizations-with","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-03-27/pdf/2026-05959.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-05959.pdf?1774529111","publication_date":"2026-03-27","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"},{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"},{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"obligor is subject to a loan covenant requiring the obligor to maintain a certain <span class=\"match\">deposit</span> balance at the banking organization until the maturity of the loan, the residual maturity of the cash on <span class=\"match\">deposit</span> would be the remaining maturity of the loan. Any amount of a <span class=\"match\">deposit</span> balance that an obligor is contractually permitted to withdraw, however, would have a residual maturity of the earliest date on which the <span class=\"match\">deposit</span> may be withdrawn. If an obligor may withdraw a <span class=\"match\">deposit</span> at any time, including where an obligor may be subject to a notice period or an"},{"title":"Assessments, Revised Deposit Insurance Assessment Rates","type":"Rule","abstract":"The FDIC is adopting a final rule to increase initial base deposit insurance assessment rate schedules by 2 basis points, beginning the first quarterly assessment period of 2023. The increase in the assessment rate schedules will increase the likelihood that the reserve ratio will reach the statutory minimum of 1.35 percent by the statutory deadline of September 30, 2028, consistent with the FDIC's Amended Restoration Plan, and is intended to support growth in the Deposit Insurance Fund (DIF or fund) in progressing toward the FDIC's long-term goal of a 2 percent Designated Reserve Ratio (DRR).","document_number":"2022-22985","html_url":"https://www.federalregister.gov/documents/2022/10/24/2022-22985/assessments-revised-deposit-insurance-assessment-rates","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2022-10-24/pdf/2022-22985.pdf","public_inspection_pdf_url":null,"publication_date":"2022-10-24","agencies":[{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"Insured <span class=\"match\">Deposit</span> Growth Assumption \n Many commenters disagreed with annual insured <span class=\"match\">deposit</span> growth rates assumed in the scenario analysis that informed the proposal, though many broadly discussed trends in <span class=\"match\">deposits</span> and did not specifically address insured <span class=\"match\">deposits</span>. These commenters generally observed that <span class=\"match\">deposits</span> appear to be declining or normalizing and expect a similar trend going forward. Some commenters maintained that the factors that boosted <span class=\"match\">deposits</span> over the past few years have all reversed. Commenters addressed factors influencing <span class=\"match\">deposit</span> levels"},{"title":"Assessments, Revised Deposit Insurance Assessment Rates","type":"Proposed Rule","abstract":"The FDIC is seeking comment on a proposed rule that would increase initial base deposit insurance assessment rates by 2 basis points, beginning with the first quarterly assessment period of 2023. The proposal would increase the likelihood that the reserve ratio would reach the required minimum level of 1.35 percent by the statutory deadline of September 30, 2028, consistent with the FDIC's Amended Restoration Plan, and is intended to support growth in the Deposit Insurance Fund (DIF or fund) in progressing toward the FDIC's long-term goal of a 2 percent Designated Reserve Ratio (DRR).","document_number":"2022-13578","html_url":"https://www.federalregister.gov/documents/2022/07/01/2022-13578/assessments-revised-deposit-insurance-assessment-rates","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2022-07-01/pdf/2022-13578.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2022-13578.pdf?1656593112","publication_date":"2022-07-01","agencies":[{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"have little incentive to raise interest rates on <span class=\"match\">deposit</span> accounts and spur <span class=\"match\">deposit</span> growth in the near-term, given excess liquidity. If competition for <span class=\"match\">deposits</span> remains subdued and rates paid on <span class=\"match\">deposit</span> accounts remain low, depositors may shift balances away from <span class=\"match\">deposit</span> accounts and into higher-yielding alternatives, including money-market funds.\n \n A year has passed since the latest quarter of extraordinary growth in insured <span class=\"match\">deposits</span> prompted by the last round of fiscal stimulus, but those <span class=\"match\">deposits</span> have yet to exhibit any indication of receding."},{"title":"Regulatory Capital Rule: Large Banking Organizations and Banking Organizations With Significant Trading Activity","type":"Proposed Rule","abstract":"The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation are inviting public comment on a notice of proposed rulemaking (proposal) that would substantially revise the capital requirements applicable to large banking organizations and to banking organizations with significant trading activity. The revisions set forth in the proposal would improve the calculation of risk-based capital requirements to better reflect the risks of these banking organizations' exposures, reduce the complexity of the framework, enhance the consistency of requirements across these banking organizations, and facilitate more effective supervisory and market assessments of capital adequacy. The revisions would include replacing current requirements that include the use of banking organizations' internal models for credit risk and operational risk with standardized approaches and replacing the current market risk and credit valuation adjustment risk requirements with revised approaches. The proposed revisions would be generally consistent with recent changes to international capital standards issued by the Basel Committee on Banking Supervision. The proposal would not amend the capital requirements applicable to smaller, less complex banking organizations.","document_number":"2023-19200","html_url":"https://www.federalregister.gov/documents/2023/09/18/2023-19200/regulatory-capital-rule-large-banking-organizations-and-banking-organizations-with-significant","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2023-09-18/pdf/2023-19200.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-19200.pdf?1693572456","publication_date":"2023-09-18","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"},{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"},{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"organization has on <span class=\"match\">deposit</span> at a qualifying central bank; and \n (B) The amount of funds in <span class=\"match\">deposit</span> accounts at the custodial banking organization that are linked to fiduciary or custodial and safekeeping accounts at the custodial banking organization. For purposes of this paragraph (c)(2)(x), a <span class=\"match\">deposit</span> account is linked to a fiduciary or custodial and safekeeping account if the <span class=\"match\">deposit</span> account is provided to a client that maintains a fiduciary or custodial and safekeeping account with the custodial banking organization and the <span class=\"match\">deposit</span> account is used"},{"title":"Community Reinvestment Act","type":"Proposed Rule","abstract":"The Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) propose to amend their regulations implementing the Community Reinvestment Act of 1977 (CRA) to update how CRA activities qualify for consideration, where CRA activities are considered, and how CRA activities are evaluated.","document_number":"2022-10111","html_url":"https://www.federalregister.gov/documents/2022/06/03/2022-10111/community-reinvestment-act","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2022-06-03/pdf/2022-10111.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2022-10111.pdf?1654173916","publication_date":"2022-06-03","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"},{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"},{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"propose to use the <span class=\"match\">deposits</span> assigned to the banks' branches in each assessment area as reported in the FDIC's Summary of <span class=\"match\">Deposits</span> to calculate the local <span class=\"match\">deposit</span> base in the denominator. As discussed elsewhere in this \n SUPPLEMENTARY INFORMATION \n , <span class=\"match\">deposits</span> data that are collected and reported as proposed in § __.42 would facilitate metrics that accurately reflect a bank's <span class=\"match\">deposits</span> inside and outside of its assessment areas. By contrast, the FDIC's Summary of <span class=\"match\">Deposits</span> data necessarily assigns all <span class=\"match\">deposits</span> to bank branch locations and does not identify"},{"title":"Unsafe and Unsound Banking Practices: Brokered Deposits and Interest Rate Restrictions","type":"Rule","abstract":"The FDIC is finalizing revisions to its regulations relating to the brokered deposits and interest rate restrictions that apply to less than well capitalized insured depository institutions. For brokered deposits, the final rule establishes a new framework for analyzing certain provisions of the \"deposit broker\" definition, including \"facilitating\" and \"primary purpose.\" For the interest rate restrictions, the FDIC is amending its methodology for calculating the national rate, the national rate cap, and the local market rate cap. Further, the FDIC is explaining when nonmaturity deposits are accepted and when nonmaturity deposits are solicited for purposes of applying the brokered deposits and interest rate restrictions.","document_number":"2020-28196","html_url":"https://www.federalregister.gov/documents/2021/01/22/2020-28196/unsafe-and-unsound-banking-practices-brokered-deposits-and-interest-rate-restrictions","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2021-01-22/pdf/2020-28196.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-28196.pdf?1611236715","publication_date":"2021-01-22","agencies":[{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"Discussion of Comments \n 1. <span class=\"match\">Deposit</span> Broker Definition \n \n Section 29 of the FDI Act provides that a person is a “<span class=\"match\">deposit</span> broker” if it is engaged in the business of placing <span class=\"match\">deposits</span>, or facilitating the placement of <span class=\"match\">deposits</span>, of third parties with insured depository institutions or the business of placing <span class=\"match\">deposits</span> with insured depository institutions for the purpose of selling interests in those <span class=\"match\">deposits</span> to third parties.\n 17 \n \n An agent or trustee also meets the “<span class=\"match\">deposit</span> broker” definition when establishing a <span class=\"match\">deposit</span> account to facilitate a business"},{"title":"Net Stable Funding Ratio: Liquidity Risk Measurement Standards and Disclosure Requirements","type":"Rule","abstract":"The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) (collectively, the agencies) are adopting a final rule that implements a stable funding requirement, known as the net stable funding ratio (NSFR), for certain large banking organizations. The final rule establishes a quantitative metric, the NSFR, to measure the stability of the funding profile of certain large banking organizations and requires these banking organizations to maintain minimum amounts of stable funding to support their assets, commitments, and derivatives exposures over a one-year time horizon. The NSFR is designed to reduce the likelihood that disruptions to a banking organization's regular sources of funding will compromise its liquidity position, promote effective liquidity risk management, and support the ability of banking organizations to provide financial intermediation to businesses and households across a range of market conditions. The NSFR supports financial stability by requiring banking organizations to fund their activities with stable sources of funding on an ongoing basis, reducing the possibility that funding shocks would substantially increase distress at individual banking organizations. The final rule applies to certain large U.S. depository institution holding companies, depository institutions, and U.S. intermediate holding companies of foreign banking organizations, each with total consolidated assets of $100 billion or more, together with certain depository institution subsidiaries (together, covered companies). Under the final rule, the NSFR requirement increases in stringency based on risk-based measures of the top-tier covered company. U.S. depository institution holding companies and U.S. intermediate holding companies subject to the final rule are required to publicly disclose their NSFR and certain components of their NSFR every second and fourth calendar quarter for each of the two immediately preceding calendar quarters. The final rule also amends certain definitions in the agencies' liquidity coverage ratio rule that are also applicable to the NSFR.","document_number":"2020-26546","html_url":"https://www.federalregister.gov/documents/2021/02/11/2020-26546/net-stable-funding-ratio-liquidity-risk-measurement-standards-and-disclosure-requirements","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2021-02-11/pdf/2020-26546.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-26546.pdf?1612473318","publication_date":"2021-02-11","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"},{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"},{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"institutions is not a <span class=\"match\">deposit</span> broker, meaning <span class=\"match\">deposits</span> placed or facilitated by such a person are not brokered <span class=\"match\">deposits</span>.\n \n \n For this reason, the final rule also renames “brokered sweep <span class=\"match\">deposit</span>” to “sweep <span class=\"match\">deposit</span>” and “<span class=\"match\">reciprocal</span> brokered <span class=\"match\">deposit</span>” to “brokered <span class=\"match\">reciprocal</span> <span class=\"match\">deposit</span>” wherever these terms appear. These clarifications are important in light of ongoing FDIC efforts to update the classification of brokered <span class=\"match\">deposits</span>. Under the final rule, the term “sweep <span class=\"match\">deposit</span>” includes <span class=\"match\">deposits</span> that are brokered <span class=\"match\">deposits</span> as well as <span class=\"match\">deposits</span> that are not brokered"},{"title":"Assessments, Mitigating the Deposit Insurance Assessment Effect of Participation in the Paycheck Protection Program (PPP), the PPP Liquidity Facility, and the Money Market Mutual Fund Liquidity Facility","type":"Rule","abstract":"The Federal Deposit Insurance Corporation is adopting a final rule that mitigates the deposit insurance assessment effects of participating in the Paycheck Protection Program (PPP) established by the Small Business Administration (SBA), and the Paycheck Protection Program Liquidity Facility (PPPLF) and Money Market Mutual Fund Liquidity Facility (MMLF) established by the Board of Governors of the Federal Reserve System. The final rule removes the effect of participation in the PPP and borrowings under the PPPLF on various risk measures used to calculate an insured depository institution's assessment rate, removes the effect of participation in the PPP and MMLF program on certain adjustments to an insured depository institution's assessment rate; provides an offset to an insured depository institution's assessment for the increase to its assessment base attributable to participation in the PPP and MMLF; and removes the effect of participation in the PPP and MMLF when classifying insured depository institutions as small, large, or highly complex for assessment purposes.","document_number":"2020-13751","html_url":"https://www.federalregister.gov/documents/2020/06/26/2020-13751/assessments-mitigating-the-deposit-insurance-assessment-effect-of-participation-in-the-paycheck","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-06-26/pdf/2020-13751.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-13751.pdf?1593023414","publication_date":"2020-06-26","agencies":[{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"into the risk measures for determining the rate for an established small IDI. \n \n Under the final rule, in calculating the core <span class=\"match\">deposit</span> ratio \n 34 \n \n for large or highly complex IDI, the FDIC will exclude from total liabilities borrowings from Federal Reserve Banks under the PPPLF.\n \n \n \n 34 \n  The core <span class=\"match\">deposit</span> ratio is defined as total domestic <span class=\"match\">deposits</span> excluding brokered <span class=\"match\">deposits</span> and uninsured non-brokered time <span class=\"match\">deposits</span> divided by total liabilities. \n See \n Appendix A to subpart A of 12 CFR part 327.\n \n \n \n Also as proposed, under the final rule"},{"title":"Assessments, Mitigating the Deposit Insurance Assessment Effect of Participation in the Paycheck Protection Program (PPP), the PPP Lending Facility, and the Money Market Mutual Fund Liquidity Facility","type":"Proposed Rule","abstract":"The Federal Deposit Insurance Corporation is seeking comment on a proposed rule that would mitigate the deposit insurance assessment effects of participating in the Paycheck Protection Program (PPP) established by the Small Business Administration (SBA), and the Paycheck Protection Program Lending Facility (PPPLF) and Money Market Mutual Fund Liquidity Facility (MMLF) established by the Board of Governors of the Federal Reserve System. The proposed changes would remove the effect of participation in the PPP and PPPLF on various risk measures used to calculate an insured depository institution's assessment rate, remove the effect of participation in the PPPLF and MMLF programs on certain adjustments to an IDI's assessment rate, provide an offset to an insured depository institution's assessment for the increase to its assessment base attributable to participation in the MMLF and PPPLF, and remove the effect of participation in the PPPLF and MMLF programs when classifying insured depository institutions as small, large, or highly complex for assessment purposes.","document_number":"2020-10454","html_url":"https://www.federalregister.gov/documents/2020/05/20/2020-10454/assessments-mitigating-the-deposit-insurance-assessment-effect-of-participation-in-the-paycheck","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-05-20/pdf/2020-10454.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-10454.pdf?1589826635","publication_date":"2020-05-20","agencies":[{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"additional reporting burden, the FDIC is not proposing to exclude earnings related to participation in these programs from the core earnings ratio in the calculation of an IDI's <span class=\"match\">deposit</span> insurance assessment rate.\n \n \n b. Core <span class=\"match\">Deposit</span> Ratio \n \n The core <span class=\"match\">deposit</span> ratio is defined as total domestic <span class=\"match\">deposits</span> excluding brokered <span class=\"match\">deposits</span> and uninsured non-brokered time <span class=\"match\">deposits</span> divided by total liabilities.\n 27 \n \n For purposes of this calculation, the FDIC is proposing to exclude from total liabilities borrowings from Federal Reserve Banks under the PPPLF"},{"title":"Regulatory Capital Treatment for Investments in Certain Unsecured Debt Instruments of Global Systemically Important U.S. Bank Holding Companies, Certain Intermediate Holding Companies, and Global Systemically Important Foreign Banking Organizations; Total Loss-Absorbing Capacity Requirements","type":"Rule","abstract":"The OCC, Board, and FDIC (collectively, the agencies) are adopting a final rule that applies to advanced approaches banking organizations with the aim of reducing both interconnectedness within the financial system and systemic risks. The final rule requires deduction from a banking organization's regulatory capital for certain investments in unsecured debt instruments issued by foreign or U.S. global systemically important banking organizations (GSIBs) for the purposes of meeting minimum total loss-absorbing capacity (TLAC) requirements and, where applicable, long-term debt requirements, or for investments in unsecured debt instruments issued by GSIBs that are pari passu or subordinated to such debt instruments. In addition, the Board is adopting changes to its TLAC rules to clarify requirements and correct drafting errors.","document_number":"2020-27046","html_url":"https://www.federalregister.gov/documents/2021/01/06/2020-27046/regulatory-capital-treatment-for-investments-in-certain-unsecured-debt-instruments-of-global","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2021-01-06/pdf/2020-27046.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-27046.pdf?1609854316","publication_date":"2021-01-06","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"},{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"},{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"funds that the custody bank has on <span class=\"match\">deposit</span> at a qualifying central bank; and \n \n (B) The amount of funds that the custody bank's clients have on <span class=\"match\">deposit</span> at the custody bank that are linked to fiduciary or custodial and safekeeping accounts. For purposes of this paragraph (c)(2)(x), a <span class=\"match\">deposit</span> account is linked to a fiduciary or custodial and safekeeping account if the <span class=\"match\">deposit</span> account is provided to a client that maintains a \n \n fiduciary or custodial and safekeeping account with the custody bank, and the <span class=\"match\">deposit</span> account is used to facilitate the administration"},{"title":"Unsafe and Unsound Banking Practices: Brokered Deposits Restrictions","type":"Proposed Rule","abstract":"The 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 create a new framework for analyzing certain provisions of the \"deposit broker\" definition, including \"facilitating\" and \"primary purpose.\" The proposed rule would also establish an application and reporting process with respect to the primary purpose exception. The application process would be available to insured depository institutions and third parties that wish to utilize the exception.","document_number":"2019-28275","html_url":"https://www.federalregister.gov/documents/2020/02/10/2019-28275/unsafe-and-unsound-banking-practices-brokered-deposits-restrictions","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-02-10/pdf/2019-28275.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2019-28275.pdf?1581083114","publication_date":"2020-02-10","agencies":[{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"FDIC's brokered <span class=\"match\">deposit</span> regulations will continue to promote safe and sound practices while ensuring that the classification of a <span class=\"match\">deposit</span> as brokered appropriately reflects changes in the banking landscape since 1989, when the law on brokered <span class=\"match\">deposits</span> was first enacted. \n II. Background \n \n Section 29 of the Federal <span class=\"match\">Deposit</span> Insurance Act (FDI Act) restricts the acceptance of <span class=\"match\">deposits</span> by insured depository institutions from a “<span class=\"match\">deposit</span> broker.” \n 3 \n \n Well capitalized insured depository institutions are not restricted from accepting <span class=\"match\">deposits</span> from a deposit"},{"title":"Limited Exception for a Capped Amount of Reciprocal Deposits From Treatment as Brokered Deposits; Technical Amendment","type":"Rule","abstract":"The FDIC is making technical amendments to the preamble of a final rule published in the Federal Register on February 4, 2019. The final rule relates to a limited exception for a capped amount of reciprocal deposits from treatment as brokered deposits. As published, several industry participants raised concerns about the meaning of a sentence in the preamble of the final rule. To avoid potential confusion, the FDIC is amending the language, as explained below.","document_number":"2019-07048","html_url":"https://www.federalregister.gov/documents/2019/04/15/2019-07048/limited-exception-for-a-capped-amount-of-reciprocal-deposits-from-treatment-as-brokered-deposits","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2019-04-15/pdf/2019-07048.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2019-07048.pdf?1555073118","publication_date":"2019-04-15","agencies":[{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"but would no longer be an agent institution if it renewed or rolled over such <span class=\"match\">deposits</span> and doing so caused the total amount of <span class=\"match\">reciprocal</span> <span class=\"match\">deposits</span> to exceed the special cap. In this case, once the institution receives <span class=\"match\">reciprocal</span> <span class=\"match\">deposits</span> in excess of its special cap, it is no longer an agent institution. If an institution is not an agent institution, all of its <span class=\"match\">reciprocal</span> <span class=\"match\">deposits</span> should be reported as brokered <span class=\"match\">deposits</span>.\n \n \n \n 28 \n  Transactional <span class=\"match\">reciprocal</span> <span class=\"match\">deposits</span> are viewed as being received daily.\n \n \n The FDIC does not intend this preamble"},{"title":"Limited Exception for a Capped Amount of Reciprocal Deposits From Treatment as Brokered Deposits","type":"Rule","abstract":"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 regulations governing deposit insurance assessments.","document_number":"2018-28137","html_url":"https://www.federalregister.gov/documents/2019/02/04/2018-28137/limited-exception-for-a-capped-amount-of-reciprocal-deposits-from-treatment-as-brokered-deposits","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2019-02-04/pdf/2018-28137.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2018-28137.pdf?1549028716","publication_date":"2019-02-04","agencies":[{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"}],"excerpts":"history of <span class=\"match\">reciprocal</span> <span class=\"match\">deposits</span> until March 31, 2019, because <span class=\"match\">reciprocal</span> <span class=\"match\">deposits</span> were not defined separately from brokered <span class=\"match\">deposits</span> before section 202 was enacted on May 24, 2018. However, <span class=\"match\">reciprocal</span> <span class=\"match\">deposit</span> data prior to the date of enactment is available because institutions have reported <span class=\"match\">reciprocal</span> <span class=\"match\">deposits</span> on Call Report Schedule RC-O since June 30, 2009.\n 25 \n \n \n \n \n 25 \n  Since June 30, 2009, institutions reported “<span class=\"match\">Reciprocal</span> brokered <span class=\"match\">deposits</span>” on Call Report Schedule RC-O. Until the passage of the Act, all <span class=\"match\">reciprocal</span> <span class=\"match\">deposits</span> were considered"}]}