Tuesday Topic: Reg Relief, Fact or Fiction?

​There is a lot of interesting content to the bill but for us I like the idea of reciprocal deposits not being counted as brokered deposits. The FDIC does exclude them from the calculation of insurance but the designation as core would be helpful.

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Dana Litman
EVP/CFO/CRO
Quantum National Bank
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Original Message:
Sent: 03-20-2018 10:34
From: Barb Rehm
Subject: Tuesday Topic: Reg Relief, Fact or Fiction?

After clearing the Senate last week, the Economic Growth, Regulatory Relief and Consumer Protection Act moved to the House where Republicans declared they would not be "rubber stamping" the bipartisan bill, The New York Times reported.

So today's questions are these: Do you think reg relief will become law? If so, which provision will be most helpful to your bank? And, if you could add one provision to the bill, what would it be?

P.S. Here's a helpful summary of Sen. Crapo's bill and a concise analysis.

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Barb Rehm
Promontory Interfinancial Network
Arlington VA
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