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Interest Rate Restrictions on Institutions That are Less Than Well-Capitalized, Notice of Proposed Rulemaking
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01/28/2009
[PDF-1.30 MB]
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Description:The FDIC has issued the attached proposed rule that would make certain revisions to the interest rate restrictions under Part 337.6 ("Brokered Deposits") of the FDIC Rules and Regulations. The proposal would redefine the "national rate" as a simple average of deposit rates paid by U.S. depository institutions, thereby discontinuing the use of Treasury yields - which are currently well below average deposit rates - in the definition. The proposal also would, in the absence of contrary evidence as to the rates in a particular market, specify that the prevailing rate in all market areas is deemed to be the "national rate" as defined by the FDIC. Comments on the proposed rule are due 60 days after publication in the Federal Register.
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Release Date:01/28/2009
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Update Date:11/14/2018
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Withdrawn Date:12/01/2018
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Agencies Involved:Federal Deposit Insurance Corporation (FDIC)
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Fdic Employee Involved:Sandra L. Thompson;Lou Bervid;Christopher Hencke;
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Related Regulation:12 C.F.R. Part 336.7
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Comment Period End Date:03/27/2009
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Source:FDIC Website
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Memorandum To:FDIC Insured Banks
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FIL Number:FIL-5-2009
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