I looked at the same Notice of Proposed Rulemaking, and in my view, not much is still under discussion. The FDIC asked for comment on some particulars about how to implement Section 202 of the Economic Growth, Regulatory Relief, and Consumer Protection Act, which made most reciprocal deposits non-brokered. The proposed rule would implement the new law, and the comments requested by the FDIC appear to get to how best to achieve that objective. We are looking at the NPR in more detail now and will be working with the national trades to prepare a comment letter.
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Steve Kinner
Promontory Interfinancial Network
Arlington VA
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Original Message:
Sent: 09-17-2018 10:39
From: Dawne Stafford
Subject: FDIC Treatment of Reciprocal Deposits
I received notice on Friday asking for comments regarding proposed rule change to implement Section 202 of the EGRRPA. What is still under discussion?
Dawne Stafford | President & CFO
Ph: (918) 664.6100 | Fax: (918) 664.8778
10727 East 51st Street | Tulsa, OK 74146 | PO Box 471316 | Tulsa, OK 74147-1316
Please note my new email address: dstafford@sbtulsa.bank
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