Details:

Publisher's site:
https://www.fdic.gov/
Corporate Authors:
Federal Deposit Insurance Corporation (FDIC)
Description:
Effective January 1, 2010, institutions subject to the interest rate restrictions under Part 337.6 of the FDIC Rules and Regulations ("restrictions") are required to use the "national rate" to determine conformance with the restrictions. The "national rate" is defined as a simple average of rates paid by insured depository institutions and branches for which data are available. Institutions subject to the restrictions that believe they are operating in an area where the rates paid on deposits are higher than the "national rate" can use the local market to determine the prevailing rate if they seek and receive a determination from the FDIC that it is operating in a high-rate area. Regardless of the determination, institutions must use the national rate to determine conformance for all deposits outside the market area.
Content Notes:
includes a table
Subject:
[+]
Liquidity, Funds Management and Sensitivity to Market Risk
Dataset Download URL:
https://www.fdic.gov/news/financial-institution-letters/2009/fil09069.pdf
Format:
PDF
Release Date:
12/04/2009
Update Date:
11/03/2011
Withdrawn Date:
04/01/2021
Agencies Involved:
Federal Deposit Insurance Corporation (FDIC)
Fdic Employee Involved:
Sandra L. Thompson;Lou Bervid;Robert B. Reddish;
Related Regulation:
Brokered Deposits;12 C.F.R. Section 337.6;
Source:
FDIC Website
Memorandum To:
FDIC-Insured Institutions
Effective Date:
01/01/2010
FIL Number:
FIL-69-2009
Main Document Checksum:
[+]
urn:sha256:2b760e39976be83bd6b64cf814bf9ac8ecd3bcde792237c477a1d1843d0ba1de
Download URL:
https://archive.fdic.gov/view/fdic/7241/fdic_7241_DS1.pdf
File Type:

Supporting Files

• SECTION 337.6 Brokered Deposit Restrictions and Deposit Rate Limits, Questions and Answers (Last Updated November 1, 2011)

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