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Financial Institution Letters

December 13, 2019

Request for Comments on Unsafe and Unsound Banking Practices: Brokered Deposit Restrictions

Printable Format:

FIL-83-2019 - PDF (PDF Help)


The FDIC has issued a Notice of Proposed Rulemaking (NPR) seeking comment on proposed revisions to its brokered deposit regulations. The proposed changes are intended to continue to promote safe and sound practices while modernizing the brokered deposit regulations to reflect recent technological changes and innovations.

Statement of Applicability to Institutions with Total Assets Under $1 Billion: This Financial Institution Letter applies to all FDIC-insured banks and savings associations, including community institutions.


Under the proposed rule, the FDIC would:

The FDIC is seeking comments regarding the proposed approach as well as responses to specific questions and issues discussed in the notice. Comments will be accepted for 60 days after the NPR is published in the Federal Register.

Suggested Distribution:

Suggested Routing:

Related Topics:




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