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Bank Application Resources

Brokered Deposit Waiver

Last Updated: January 19, 2024

Section 29 of the Federal Deposit Insurance Act (“FDI Act”) restricts less than “well capitalized” institutions from accepting brokered and high-rate deposits. An institution with a capital category of “adequately capitalized” may accept deposits from a deposit broker only if it has received a waiver from the FDIC. An institution that has a capital category of “undercapitalized” or worse is prohibited from accepting deposits from a deposit broker. This page includes resources regarding the processing of brokered deposit waiver applications.

For more information and resources on brokered deposits, please refer to the Banker Resource Center Brokered Deposits webpage.

  • Prior to submitting an application that involves unique or unusual circumstances, an institution should contact their appropriate FDIC Regional Office.

Resources Specific to Applications for Brokered Deposit Waivers

Application Procedures

Laws and Regulations

Other Resources

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