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Thursday, June 30, 2016

FDIC FAQ on Identifying, Accepting and Reporting Brokered Deposits

The FDIC is finalizing updates to its Frequently Asked Questions (FAQs) regarding identifying, accepting and reporting brokered deposits. In November 2015, the FDIC released for comment proposed updates to the FAQs that were originally issued in January 2015. After consideration of the comments received, the FDIC retained a majority of the proposed updates, with certain clarifications and new FAQs.

This letter applies to all FDIC-insured financial institutions that use brokered deposits.

Read more.

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