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I am AGAINST a FDIC surcharge on banks that use brokered deposits as a significant source of funding. In many cases, certainly in ours, brokered deposits are a less expensive source of funding than finding additional local deposits: These brokered deposits seem to be just as stable as a local depositor who has moved his money to our bank because we have the highest rate in the area.
I feel the FDIC should gage their risk profile on the quality of loans in a portfolio, and the type of off-balance sheet activities being conducted.
|Last Updated 11/12/2008||Regs@fdic.gov|