Industry Webinar on Final Rule Revising Brokered Deposits and Interest Rate Restrictions

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Financial Institution Letter

March 8, 2021

Industry Webinar on Final Rule Revising Brokered Deposits and Interest Rate Restrictions

Summary

The FDIC will host a webinar for bankers and other interested parties on Wednesday, March 17, 2021 from 1:00 p.m. to 2:30 p.m., Eastern Time, to discuss the recent revisions to the regulations on brokered deposits and interest rate restrictions in Part 337 of the FDIC’s Rules and Regulations.  The revisions were approved by the FDIC Board on December 15, 2020, and published in the Federal Register on January 22, 2021.  The final rule is effective April 1, 2021, with an extended compliance date of January 1, 2022 for certain provisions in the rule.

 

Statement of Applicability to Institutions Under $1 Billion in Total Assets

This Financial Institution Letter applies to all FDIC-Insured Institutions.

 

Distribution

All FDIC-Insured Institutions.

 

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Industry Webinar on Final Rule Revising Brokered Deposits and Interest Rate Restrictions