Unsafe and Unsound Banking Practices: Brokered Deposits and Interest Rate Restrictions; Correction

June 3, 2026 / Source: Federal Deposit Insurance Corporation

I. Background

This Federal Register Notice corrects technical errors in the FDIC’s regulations concerning brokered deposits, 12 CFR parts 303 and 337, which were amended by a final rule published in the Federal Register on January 22, 2021 (2021 rule). The 2021 rule inadvertently deleted the text accompanying two footnotes (which, additionally, were previously misnumbered) in 12 CFR 337.6(a)(3)(i). The 2021 rule also failed to update a cross-reference to 12 CFR 337.6(b)(2)(ii), a section which was relocated to 12 CFR 337.7(c)(2). Finally, the 2021 rule inadvertently used the term “assets under management” in the regulatory text for Part 303 when the rule’s preamble, as well as two related provisions of the FDIC’s regulations, used the correct terminology, “assets under administration,” to describe the same concept. Through this document, the FDIC is correcting these inadvertent errors, as well as making several minor grammatical changes.

Effective on June 3, 2026.