Amends the Federal Deposit Insurance Act to redefine reciprocal deposits not obtained through a deposit broker.
The bill amends the Federal Deposit Insurance Act to modify the calculation of reciprocal deposits that are not considered to be funds obtained by or through a deposit broker. It introduces new percentages for different ranges of total liabilities of an agent institution. The changes aim to clarify and adjust the criteria for what constitutes a reciprocal deposit, potentially affecting the financial operations of insured depository institutions.
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- Core Provisions
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- Critical Issues
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