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

FDIC · final-rule · Published 2019-04-15 · Effective 2019-04-15 · 84 FR 15095

Document

Document number
2019-07048
Federal Register citation
84 FR 15095
CFR reference
12 CFR 327
Type
Rule
Action
Final rule; technical amendment to preamble.
Category
final-rule
Agency
US Federal Deposit Insurance Corporation
Publication date
2019-04-15
Effective date
2019-04-15

Abstract

The FDIC is making technical amendments to the preamble of a final rule published in the Federal Register on February 4, 2019. The final rule relates to a limited exception for a capped amount of reciprocal deposits from treatment as brokered deposits. As published, several industry participants raised concerns about the meaning of a sentence in the preamble of the final rule. To avoid potential confusion, the FDIC is amending the language, as explained below.

Source

Authoritative
Federal Register document
Machine
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