FDIC Updates Brokered Deposit Rules for Reciprocal Deposits

The Federal Deposit Insurance Corporation issued an interim final rule, effective September 1 2026, amending its brokered deposit regulations to implement section 902 of the 21st Century ROAD to Housing Act. The rule, identified by RIN 3064-AG32, revises the reciprocal-deposit exception in section 29(i) of the Federal Deposit Insurance Act.

The Housing Act, which became effective July 11 2026, raises the general cap for reciprocal deposits and adopts a tiered calculation based on an institution's total liabilities. It also expands the first prong of the agent-institution definition to include institutions with a CAMELS rating of "1," "2," or "3" under the Uniform Financial Institutions Rating System, replacing the prior "outstanding or good" requirement.

Under the prior framework, the general cap was the lesser of $5 billion or 20 percent of total liabilities. The new rule aligns the FDIC's 12 CFR §337.6 definition of brokered deposits with the amended statutory caps and rating criteria. The FDIC notes that the Federal Financial Institutions Examination Council will issue supplemental Call Report instructions for the September 30 2026 reporting period to ensure consistent reporting of brokered and reciprocal deposits.

The agency invites public comment on the interim final rule, with comments due by October 1 2026. Submissions may be made through the FDIC website, email, or mail to Jennifer M. Jones, Deputy Executive Secretary, at the address listed in the notice.