# Unsafe and Unsound Banking Practices: Brokered Deposits
> **US Federal Deposit Insurance Corporation** · Notification of additional designated business relationship that meets the primary purpose exception. · Published 2022-01-10 · Effective 2022-01-10 · 87 FR 1065
## Document
- **Document number:** 2021-28540
- **Category:** other
- **Agency:** US Federal Deposit Insurance Corporation
- **Federal Register citation:** 87 FR 1065
- **CFR reference:** 12 CFR 337
- **Publication date:** 2022-01-10
- **Effective date:** 2022-01-10
## Abstract

The FDIC is identifying an additional business relationship, or "designated exception," that meets the "primary purpose" exception to the deposit broker definition. The business relationship relates to specific, non-discretionary custodial services offered by third parties to depositors or depositors' agents. Entities that meet the criteria detailed below will be permitted to rely upon the primary purpose exception without submitting a notice or application.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2022/01/10/2021-28540/unsafe-and-unsound-banking-practices-brokered-deposits)
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