FDIC extends comment periods on brokered deposit NPR, deposit data RFI
October 11, 2024
On October 8, the FDIC announced an extension of the comment period on its NPR to provide restrictions, update definitions, and provide new exceptions to the FDIC’s safety and soundness rule on brokered deposits (12 CFR 337.6) that implements Section 29 of the Federal Deposit Insurance Act (covered by InfoBytes here). Comments on the proposal are now due by November 21.
The FDIC also announced it is extending the comment period on its RFI for deposit data, specifically data not reported in the Federal Financial Institutions Examination Council’s (FFIEC) call reports or other regulatory reports (covered by InfoBytes here). Comments on the RFI now will be received through December 6.