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Reciprocal Deposits: Implementing the 21st Century ROAD to Housing Act
Plain English Summary
The FDIC has updated its rules about brokered deposits to align with new laws from the 21st Century ROAD to Housing Act. This change affects financial institutions that handle reciprocal deposits, which allow banks to share deposits with each other. The new rules will help make it easier for these institutions to comply with the regulations. Agents should review these changes and consider how they may impact their clients' banking relationships.
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The Federal Deposit Insurance Corporation (FDIC) is amending its brokered deposit regulations to conform with recent changes to section 29 of the Federal Deposit Insurance Act made by section 902 of the 21st Century ROAD to Housing Act related to reciprocal deposits, which took effect on July 11, 2026. The FDIC is also providing certain clarifications regarding the reciprocal deposit framework to facilitate and simplify compliance. The FDIC invites public comment on this interim final rule.