119 HR 3234 IH: To amend the Federal Deposit Insurance Act to modify the amount of reciprocal deposits of an insured depository institution that are not considered to be funds obtained by or through a deposit broker, and for other purposes. U.S. House of Representatives 2025-05-07 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS1st SessionH. R. 3234IN THE HOUSE OF REPRESENTATIVESMay 7, 2025Mr. Emmer (for himself, Mrs. Beatty, Mr. Meuser, and Ms. Moore of Wisconsin) introduced the following bill; which was referred to the Committee on Financial ServicesA BILLTo amend the Federal Deposit Insurance Act to modify the amount of reciprocal deposits of an insured depository institution that are not considered to be funds obtained by or through a deposit broker, and for other purposes.

1.

Amount of reciprocal deposits that are not considered to be funds obtained by or through a deposit broker

Section 29(i) of the Federal Deposit Insurance Act (12 U.S.C. 1831f(i)) is amended by striking paragraph (1) and inserting the following: (1)

In general

The sum of the following amounts of reciprocal deposits of an agent institution shall not be considered to be funds obtained, directly or indirectly, by or through a deposit broker: (A) An amount equal to 50 percent of the portion of the total liabilities of the agent institution that is less than or equal to $1,000,000,000. (B) An amount equal to 40 percent of the portion, if any, of the total liabilities of the agent institution that is greater than $1,000,000,000, but less than or equal to $10,000,000,000. (C) An amount equal to 30 percent of the portion, if any, of the total liabilities of the agent institution that is greater than $10,000,000,000, but less than or equal to $250,000,000,000. (D) An amount equal to 20 percent of the portion, if any, of the total liabilities of the agent institution that is greater than $250,000,000,000, but less than or equal to $1,000,000,000,000. (E) An amount equal to 2 percent of the portion, if any, of the total liabilities of the agent institution that is greater than $1,000,000,000,000. .

2.

Definition of Agent Institution

Section 29(i)(2)(A)(i) of the Federal Deposit Insurance Act (12 U.S.C. 1831f(i)(2)(A)(i)) is amended by striking subclause (I) and inserting the following: (I)when most recently examined under section 10(d) was assigned a CAMELS rating of 1, 2, or 3; and.