Changes the FDIC rules for how reciprocal deposits placed through agent institutions are treated for brokered-deposit purposes by creating three liability-based tiers that exempt portions of an agent’s reciprocal deposits from being classified as brokered. It also broadens which banks can qualify as an "agent institution" by allowing institutions with CAMELS-equivalent ratings of 1, 2, or 3 to qualify. Finally, it requires the FDIC, working with the Federal Reserve, to study reciprocal-deposit usage and risks since 2018 and report findings to congressional banking committees within six months of enactment.
Introduced May 7, 2025 by Thomas Earl Emmer · Last progress May 7, 2025