Regulatory Alerts2026-06-03 | 2026-11044Unsafe and Unsound Banking Practices: Brokered Deposits and Interest Rate Restrictions; Correction
The Federal Deposit Insurance Corporation issues correcting amendments to 12 CFR parts 303 and 337 to fix technical errors in its January 2021 brokered deposit and interest rate rules. The amendments restore misplaced footnote text, update a relocated cross-reference to section 337.7(c)(2), and correct the terminology from “assets under management” to “assets under administration.” Effective June 3, 2026, these technical revisions promote regulatory clarity without imposing new substantive requirements or triggering standard notice-and-comment procedures.
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