Brokered Deposits and Interest-Rate Restrictions Telephone Seminar for Financial Institution Officers and Employees
FIL-70-2009 December 8, 2009
The FDIC will host a free telephone seminar for financial institution officers and employees to discuss issues related to brokered deposits and the interest-rate restrictions under Section 337.6 of the FDIC's Rules and Regulations on December 10, 2009, at 2:00 p.m. EST.
This presentation will include a discussion of:
Concerns with using brokered or other wholesale funds to fund aggressive growth or other risky strategies.
Brokered deposit and interest-rate restrictions under Section 337.6.
Revisions to the interest-rate restrictions under Section 337.6, effective on January 1, 2010, including a discussion of the process for institutions to submit high-rate area determination requests.
Financial institution officers and employees wishing to participate in this telephone seminar should dial 1-800-857-4868 and enter passcode 8454400# to join the presentation approximately ten minutes before the 2:00 p.m. EST start time.
Participants are encouraged to submit questions in advance to RAC@FDIC.gov with Brokered Deposits in the subject line.
Participants are also encouraged to have FIL-69-2009, "Process for Determining if an Institution Subject to Interest-Rate Restrictions Is Operating in a High-Rate Area," which includes a question and answer document, available during the presentation. FIL-69-2009 is attached.
All FDIC-Insured Banks (Commercial and Savings)