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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 67002
Comment Period End: October 22, 2024
Submit Comment

 

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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


 

Last Updated: October 4, 2024