TMIB Lite: FDIC to Revisit Brokered Deposit Rules

By: Sharon J. Lorman
Jeffrey P. Marsico
Richard B. Trauger, Jr.

Podcast Show Notes:

Our This Month In Banking (TMIB) podcast features discussion with colleagues and other industry thought leaders on interesting banking news that happened this month. TMIB will be available on the last Wednesday of every month here, and on Apple and Droid podcast apps for your listening enjoyment. Join us on your commute or at your desk.

Topic: FDIC to Revisit Brokered Deposit Rules
Start time: 1:18
In a press release from September 2018, the FDIC announced that it plans to solicit comment on a proposed rule to exempt certain reciprocal deposits from being considered as brokered deposits for certain insured institutions.  This rulemaking is the first of a two-part effort the FDIC plans to take to revisit the brokered deposit rules.  For the second part the FDIC plans to seek comments on the agency’s overall brokered deposit and rate cap regulations. More banks are gathering deposits through the Internet and under existing rules, those deposits could be considered brokered.

Watch for episode 35 of This Month in Banking to be released on Wednesday, November 28, 2018. We release a full episode plus a lite episode on the last Wednesday of every month.

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