FDIC Issues Financial Institution Letter Concerning Identifying, Accepting and Reporting Brokered Bank Deposits

The Federal Deposit Insurance Corporation ("FDIC") issued guidance in the form of a list of frequently asked questions ("FAQs") regarding brokered bank deposits. The FAQs cover various topics, such as identifying brokered deposits, accepting deposits, listing services, interest rate restrictions and other brokered deposit-related matters.

See: Guidance on Identifying, Accepting, and Reporting Brokered Deposits – Frequently Asked Questions.