Regulatory Alerts2026-08-27 | FIL-52-2026Added
Interim Final Rule on Reciprocal Deposits
The interim final rule amends brokered deposit regulations concerning the limited exception for reciprocal deposits to conform to section 29 of the Federal Deposit Insurance Act, as amended by section 902 of the 21st Century ROAD to Housing Act. It increases the amount of reciprocal deposits agent institutions may exclude from treatment as brokered deposits by modifying the general cap with a new tiered liability-based calculation up to a maximum of $30 billion and amends the definition of agent institution to include 3-rated, well capitalized institutions. The rule clarifies when an institution receives nonmaturity reciprocal deposits and requalifies as an agent institution following specific changes, applies to all FDIC-insured financial institutions, and establishes that comments are due 30 days after the date of publication in the Federal Register.
Laws and Regulations
August 27, 2026
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Summary: On August 27, 2026, the Federal Deposit Insurance Corporation (FDIC) Board of Directors adopted an interim final rule to implement section 902 of the 21st Century ROAD to Housing Act (the Housing Act), which amended the statutory framework governing reciprocal deposits, and to provide clarifications regarding the operation of the reciprocal deposits framework. Statement of Applicability:
The contents of, and material referenced in, this FIL apply to all FDIC-insured financial institutions. Highlights: The interim final rule: Amends the FDIC’s brokered deposit regulations concerning the limited exception for reciprocal deposits to conform to section 29 of the Federal Deposit Insurance Act, as amended by section 902 of the Housing Act; Increases the amount of reciprocal deposits agent institutions may exclude from treatment as brokered deposits by modifying the “general cap” with a new tiered liability-based calculation, up to a maximum of $30 billion; Amends the definition of “agent institution” to include 3-rated, well capitalized institutions; Clarifies when an institution “receives” nonmaturity reciprocal deposits; Clarifies when an institution requalifies as an agent institution following a supervisory rating change, capital-category change, approval of a brokered deposits waiver, or a reduction in reciprocal deposits below its “special cap;” and Outlines coordination with the Federal Financial Institutions Examination Council (FFIEC) to update Call Report instructions. Comments on the interim final rule are due 30 days after the date of publication in the Federal Register .
FIL-52-2026
Attachment(s)
Federal Register Notice - Interim Final Rule on Reciprocal Deposits
Related Topics
Brokered Deposits
Contact(s)
Division of Risk Management Supervision
Legal Division
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