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Limited Exception for a Capped Amount of Reciprocal Deposits From Treatment as Brokered Deposits

FDIC · final-rule · Published 2019-02-04 · Effective 2019-03-06 · 84 FR 1346

Document

Document number
2018-28137
Federal Register citation
84 FR 1346
CFR reference
12 CFR 327
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Deposit Insurance Corporation
Publication date
2019-02-04
Effective date
2019-03-06

Abstract

The FDIC is amending its regulations that implement brokered deposits and interest rate restrictions to conform with recent changes to section 29 of the Federal Deposit Insurance Act made by section 202 of the Economic Growth, Regulatory Relief, and Consumer Protection Act related to reciprocal deposits, which took effect on May 24, 2018. The FDIC is also making conforming amendments to the FDIC's regulations governing deposit insurance assessments.

Source

Authoritative
Federal Register document
Machine
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