United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2019_register executive 2019-02-06 article Part III Proposed Rules D09002ee1c7dc1f41 D09002ee1c7dc2081 United States Federal Deposit Insurance Corporation originator org United States Government Agency or Subagency The Federal Deposit Insurance Corporation (FDIC) is undertaking a comprehensive review of the regulatory approach to brokered deposits and the interest rate caps applicable to banks that are less than well capitalized. Since the statutory brokered deposit restrictions were put in place in 1989, and amended in 1991, the financial services industry has seen significant changes in technology, business models, and products. In addition, changes to the economic environment have raised a number of issues relating to the interest rate restrictions. A key part of the FDIC's review is to seek public comment through this Advance Notice of Proposed Rulemaking (ANPR) on the impact of these changes. The FDIC will carefully consider comments received in response to this ANPR in determining what actions may be warranted. 84 FR 2366 https://www.govinfo.gov/app/details/FR-2019-02-06/2018-28273 2018-28273 fr06fe19-26 RIN 3064-AE94 6714-01-P https://www.govinfo.gov/app/details/FR-2019-02-06/2018-28273 https://www.govinfo.gov/content/pkg/FR-2019-02-06/html/2018-28273.htm https://www.govinfo.gov/content/pkg/FR-2019-02-06/pdf/2018-28273.pdf 35 p. 2366 2400 84 FR 2366 Title 12 Part 337 12 CFR Part 337 RIN 3064-AE94 Unsafe and Unsound Banking Practices: Brokered Deposits and Interest Rate Restrictions; Federal Register Vol. 84, Issue PRORULE 2018-28273 III FEDERAL DEPOSIT INSURANCE CORPORATION 2019-05-07 6714-01-P 2018-28273 Advance notice of proposed rulemaking and request for comment.

The Federal Deposit Insurance Corporation (FDIC) is undertaking a comprehensive review of the regulatory approach to brokered deposits and the interest rate caps applicable to banks that are less than well capitalized. Since the statutory brokered deposit restrictions were put in place in 1989, and amended in 1991, the financial services industry has seen significant changes in technology, business models, and products. In addition, changes to the economic environment have raised a number of issues relating to the interest rate restrictions. A key part of the FDIC's review is to seek public comment through this Advance Notice of Proposed Rulemaking (ANPR) on the impact of these changes. The FDIC will carefully consider comments received in response to this ANPR in determining what actions may be warranted.

Comments must be received by the FDIC no later than May 7, 2019. Legal Division--Thomas Hearn, Counsel, (202) 898-6967; thohearn@fdic.gov; Vivek V. Khare, Counsel, (202) 898- 6847, vkhare@fdic.gov; Division of Risk Management Supervision--Thomas F. Lyons, Chief, Policy and Program Development, (202) 898-6850, tlyons@fdic.gov; Judy Gross, Senior Policy Analyst, (202) 898-7047, jugross@fdic.gov; Division of Insurance and Research--Ashley Mihalik, Chief, Banking and Regulatory Policy, (202) 898-3793, amihalik@fdic.gov. Unsafe and Unsound Banking Practices: Brokered Deposits and Interest Rate Restrictions , amihalik@fdic.gov comments@fdic.gov jugross@fdic.gov thohearn@fdic.gov tlyons@fdic.gov vkhare@fdic.gov http://www.fdic.gov/regulations/laws/federal http://www.fdic.gov/regulations/laws/federal/ https://www.fdic.gov/bank/historical/crisis/crisis-complete.pdf https://www.fdic.gov/bank/historical/history/ https://www.fdic.gov/regulations/laws/rules/index.html https://www.treasury.gov/about/organizational-structure/ig/Documents/oig09013.pdf https://www.treasury.gov/about/organizational-structure/ig/Documents/oig09032.pdf https://www5.fdic.gov/hsob/hsobRpt.asp Vol. 84, no. 25 Office of the Federal Register, National Archives and Records Administration 2019-02-06 continuing daily deposited born digital 394 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2019-02-06 P0b002ee19f260c6b 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr06fe19 https://www.govinfo.gov/app/details/FR-2019-02-06 https://www.govinfo.gov/content/pkg/FR-2019-02-06/pdf/FR-2019-02-06.pdf https://www.govinfo.gov/content/pkg/FR-2019-02-06/xml/FR-2019-02-06.xml fdlp 2043 2426 DGPO 2019-02-06 2024-05-31 FR-2019-02-06 machine generated eng FR FR-2019-02-06 84 25