12 usc 1831f. Brokered deposits (a) In general.

12 usc 1831f S. View all text of Chapter 16 [§ 1811 - § 1835a] U. Banks and Banking 12 USCA Section 1831. Code § 1831 - Separability of certain provisions of this chapter . 1235, provided that if the applicable rate prescribed in subsec. Contracts between depository institutions and persons providing goods, products, or services § 1831h. 1831t(b)(3)], as amended by subsection (a), shall take effect in accordance with section 151(a)(2)(D) of the Federal Deposit Insurance Corporation Improvement Act of 1991 12 U. gov §1831. Jump To: Source Credit Amendments Effective Date §1831m. § 1831f - Brokered deposits 12 USC 1831f - Brokered deposits (a) In general An insured depository institution that is not well capitalized may not accept funds obtained, directly or indirectly, by or through any deposit broker for deposit into 1 or more deposit accounts. An insured depository institution that is not well capitalized may not accept Searchable text of the 12 USC 1831 - Brokered deposits (US Code), including Notes, Amendments, and Table of Authorities 12 USC 1831f - Brokered Deposits (a) In general An insured depository institution that is not well capitalized may not accept funds obtained, directly or indirectly, by or through any deposit Page 1149 TITLE 12—BANKS AND BANKING §1831f (e) Restriction on interest rate paid (1) Definitions In this subsection— (A) the terms ‘‘agent institution’’, ‘‘recip-rocal A deposit broker, as defined in section 1831f(g) of this title, shall not solicit or place any deposit with an insured depository institution, unless such deposit broker has provided the Corporation §1831f. Contracts between depository institutions and persons providing goods, products, or services Searchable text of the 12 USC 1828 - Regulations governing insured depository institutions (US Code), including Notes, Amendments, and Table of Authorities § 1831f. (2) Termination of deposit broker status 12 U. 12 U. CFR Toolbox Law about Articles from Wex. An insured depository institution that is not well capitalized may not accept funds obtained, directly or indirectly, by or through any deposit broker All Titles Title 12 Chapter 16 § 1831e. Government Publishing Office. ) of this title. Jump To: Source Credit Miscellaneous Prior Provisions §1831. Section 1831f - Brokered deposits (a) In general. 101–73, title II, §224(b), Aug. 1464, 1467a, 1817, 1818, 1821, 1828, 1831n, and 3102 of this title, repealing sections 51, 1465, and 1831f–1 of this title, enacting provisions set out as a note under section 1817 of this title, U. (a)(1)(A)(ii), is act June 26, 1934, ch. Code; Notes § 1831f. From Title 12-BANKS AND BANKING CHAPTER 16-FEDERAL DEPOSIT INSURANCE CORPORATION. All Titles Title 12 Chapter 16 § 1831e. Amendments. § 1831e. From Title 12—BANKS AND BANKING. A waiver may be granted by the FDIC “upon a finding that the acceptance of such deposits does not constitute an unsafe or unsound practice” with respect to that institution. chapter 16 FEDERAL DEPOSIT INSURANCE CORPORATION § 1831f Brokered deposits. (e). Pub. 1813]) shall promulgate final regulations under section 39 of the Federal Deposit Insurance Act [12 U. CITE AS: 12 USC 1425 to 1425b § 1426. State-chartered insured depository institutions and insured branches of foreign banks (a) Interest rates. of the International Banking Act of 1978 [12 U. U. 12 CFR Part 337 - PART 337—UNSAFE AND UNSOUND BANKING PRACTICES . 12 USC 1831f: Brokered deposits Text contains those laws in effect on January 16, 1996. An insured depository institution that is not well capitalized may not accept funds obtained, directly or indirectly, by or through any deposit broker for deposit into 1 or more deposit accounts. Banks that are considered only “adequately capitalized” under the §1831f–1. Searchable text of the 12 USC 1831f - Brokered deposits (US Code), including Notes, Amendments, and Table of Authorities. . The International Banking Act of 1978, referred to in subsec. 104–208, § 2704(d)(14)(Z). (q)(3)(B), is act Dec. Brokered deposits (a) In general (b) Renewals and rollovers treated as acceptance of funds (c) Pub. 28, 1979, Pub. 12 USC 1811: Federal Deposit Insurance Corporation Text contains those laws in effect on October 25, 2024. 12 USC 1831m: Early identification of needed improvements in financial management Text contains those laws in effect on January 4, 1995. A prior section 1831a, act Sept. 1831f. Brokered deposits - 12 US Code Section 1831f (2021) Notwithstanding paragraph (2), the term "deposit broker" includes any insured depository institution that is not well capitalized (as defined in section 1831o of this title), and any employee of such institution, which engages, directly or indirectly, in the solicitation of deposits by offering rates of interest which are significantly Under 12 USC 1831f and 12CFR 337. gov §1831f. Jump To: Source Credit Miscellaneous Amendments Effective Date Regulations §1831f. Searchable text of the 12 USC 1817 - Assessments (US Code), including Notes, Amendments, and Table of Authorities § 1831f-1. Insured depository institutions § 1815. Sec. u. Activities of savings associations § 1831f-1. 4 See 12 CFR 337. 12 USC 1831f: Brokered deposits Text contains those laws in effect on January 2, 2001. chapter 1—the comptroller of the currency (§§ 1 – 16) chapter 2—national banks (§§ 21 – 216d) chapter 3—federal reserve system (§§ 221 – 522) chapter 4—taxation (§§ 531 – 561) chapter 5—crimes and offenses (§§ 581 – 591) Effective Date. Brokered Prior Provisions. Source: 39 FR 29179, Aug. 104–208, § 2301(c), inserted at end “Notwithstanding the preceding sentence, the Corporation and the Title 12 - Banks and Banking Chapter 16 - FEDERAL DEPOSIT INSURANCE CORPORATION (§§ 1811 - 1835a) Section 1831f - Brokered deposits. 16: FEDERAL DEPOSIT INSURANCE CORPORATION. 1831f - Brokered deposits From the U. Section applicable only with respect to loans made in any State during the period beginning on April 1, 1980, and ending on the date, on or after April 1, 1980, on which such State adopts a law or certifies that the voters of such State have voted in favor of any provision, constitutional or otherwise, which states explicitly and by its terms that such State does not Searchable text of the 12 USC 1831 - Depository institution employee protection remedy (US Code), including Notes, Amendments, and Table of Authorities § 1831f. Contracts between depository institutions and persons providing goods, products, or services §1831f. An insured depository institution that is not well capitalized may not accept funds obtained, directly or indirectly, by or through any deposit broker Searchable text of the 12 USC 1818 - Termination of status as insured depository institution (US Code), including Notes, Amendments, and Table of Authorities § 1831f. 6, 38 Stat. 6, determination of “brokered” status is based initially on whether a bank actually obtains a deposit directly or indirectly through a deposit broker. The provisions of this chapter limiting the insurance of the deposits of any depositor to a maximum less than the full amount shall be independent and separable from each and all of the provisions of this chapter. Grace period (§ 230. Brokered deposits 1 12 U. See 1996 Amendment note below. Official Publications from the U. 251, which is classified principally to chapter 3 (§ 221 et seq. § 1831f. In order to prevent discrimination against State-chartered insured depository institutions, including insured savings banks, or insured branches of foreign banks with respect to interest rates, if the applicable rate prescribed in this subsection exceeds the rate such State 12 USC 1831f: Brokered deposits Text contains those laws in effect on March 10, 2024. Separability of certain provisions of this chapter 12 U. covered insured depository institution (1) Definitions In this subsection— (A) the terms “agent institution”, “reciprocal deposits”, and “well capitalized” have the meanings given those terms in subsection (i); and (B) the term “covered insured depository institution” means an insured depository institution that— (i) under subsection (c) or (d), accepts funds obtained Searchable text of the 12 USC 1832 - Withdrawals by negotiable or transferable instruments for transfers to third parties (US Code), including Notes, Amendments, and Table of Authorities § 1831f. (b) Renewals and rollovers treated as acceptance of funds 12 USC 1811: Federal Deposit Insurance Corporation Text contains those laws in effect on January 3, 2025. Publication Title: United States Code, 2012 Edition, Title 12 - BANKS AND BANKING: Category: Bills and (1) In general In the case of any State that has a constitutional provision that sets a maximum lawful annual percentage rate of interest on any contract at not more than 5 percent above the discount rate for 90-day commercial paper in effect at the Federal reserve bank for the Federal reserve district in which such State is located, except as provided in paragraph (2), 12 USC 1831g: Contracts between depository institutions and persons providing goods, products, or services Text contains those laws in effect on December 30, 2024. 2018—Subsec. Jump To: Source Credit Amendments Effective Date Regulations §1831f. 1216, which is classified generally to chapter 14 (§ 1751 et seq. An insured depository institution that is not well capitalized may not accept funds obtained, directly or indirectly, by or through any deposit broker Insurance Act (12 USC § 1831f(g)) Fixed-rate account (§ 230. Page 1113 TITLE 12—BANKS AND BANKING §1831f (d) Limited exception for certain conservatorships In the case of any insured depository institu-tion for which the Corporation has been ap-pointed as conservator, subsection (a) of this section shall not apply to the acceptance of de-posits (described in such subsection) by such in- Pub. L. § 1831f-1. Deposit broker notification and recordkeeping (a) Notification (1) In general. Brokered deposits (a) In general. 1831, 1831f, 1831g, 5412. § 1831g. Federal Deposit Insurance Corporation § 1812. An insured depository institution that is not well capitalized may not accept funds obtained, References in Text. An insured depository institution that is not well capitalized may not accept funds §1831f TITLE 12—BANKS AND BANKING Page 1150 directly or indirectly, by or through a deposit broker to the extent that the total amount of such reciprocal deposits does not exceed the lesser of— (A) $5,000,000,000; or (B) an amount equal to 20 percent of the total liabilities of the agent institution. An insured depository institution that is not well capitalized may not accept funds obtained, 12 USC 1831f: Brokered deposits Text contains those laws in effect on January 3, 2024. References in Text. 967, § 2[24], as added Dec. The provisions of this chapter limiting the insurance of the Searchable text of the 12 USC 1831g - Contracts between depository institutions and persons providing goods, products, or services (US Code), including Notes, Amendments, and Table of Authorities. Table of Popular Names. 12, 1999, 113 Stat. 1464, 1467a, 1817, 1818, 1821, 1828, 1831n, and 3102 of this title, repealing sections 51, 1465, and 1831f–1 of this title, enacting provisions set out as a note under section 1817 of this title, 12 USC 1813: Definitions Text contains those laws in effect on January 1, 2025. 1831p–1] (as added Searchable text of the 12 USC 1831 - Prompt corrective action (US Code), including Notes, Amendments, and Table of Authorities § 1831f. For purposes of this chapter, the term “standard maximum deposit insurance amount” means $250,000, adjusted as provided under subparagraph (F) after March 31, 2010. 1831f - Brokered deposits Official Publications from the U. code ; prev | next. Read the code on FindLaw 12 USC 1831f: Brokered deposits Text contains those laws in effect on January 4, 1995. Deposit insurance Searchable text of the 12 USC 1811 - Federal Deposit Insurance Corporation (US Code), including Notes, Amendments, and Table of Authorities § 1831f. Early identification of needed improvements in financial U. 750, 48 Stat. 1476, required the Federal banking agencies (as defined in 12 U. USC most recently checked for updates: May 09, 2024 All Titles Title 12 Chapter 16 § 1831e. S Code last checked for updates: Aug 29, 2024 All Titles Title 12 Chapter 16. 9, Title 12 - Banks and Banking Chapter 16 - FEDERAL DEPOSIT INSURANCE CORPORATION (§§ 1811 - 1835a) Section 1831f - Brokered deposits. CFR ; prev | next § 337. United States Code, 2015 Edition Title 12 - BANKS AND BANKING CHAPTER 16 - FEDERAL DEPOSIT INSURANCE CORPORATION Sec. View Metadata. 3101(b)(3)]) of a foreign bank any deposits in which are insured pursuant to this chapter. 72 Appendix D: Examples of Liquidity Stress Events, Triggers, and Appendix G: Example—Problem Bank—Summary of 12 U. § 1831h. United States Code, 2020 Edition Title 12 - BANKS AND BANKING CHAPTER 16 - FEDERAL DEPOSIT INSURANCE CORPORATION Sec. Jump To: Source Credit Miscellaneous Amendments §1831g. Metadata. Each Federal Home Loan Bank shall have power, subject to rules and regulations prescribed by the Board, to borrow and give security therefor and to pay interest thereon, to issue debentures, bonds, or other obligations upon such terms and conditions as the Board may 12 USC 1811: Federal Deposit Insurance Corporation Text contains those laws in effect on January 2, 2001. Code; Notes § 1831g. 109–171 repealed Pub. 1464, 1467a, 1817, 1818, 1821, 1828, 1831n, and 3102 of this title, repealing sections 51, 1465, and 1831f–1 of this title, enacting provisions set out as a note 12 USC 1831f: Brokered deposits Text contains those laws in effect on January 15, 2013. § 1831f - U. For complete classification of this Act to the Code, see section 1751 of this title and Tables. 1464, 1467a, 1817, 1818, 1821, 1828, 1831n, and 3102 of this title, repealing sections 51, 1465, and 1831f–1 of this title, enacting provisions set out as a note under section 1817 of this title, 12 USC 1831f: Brokered deposits Text contains those laws in effect on December 8, 2023. Capital structure of Federal home loan banks (a) Regulations (1) Capital standards Not later than 18 months after November 12, 1999, the Director shall issue regulations prescribing uniform capital standards applicable to each Federal home loan bank, which shall require each such bank to meet 12 USC 1831f: Brokered deposits Text contains those laws in effect on September 19, 2022. 6. 1996—Subsec. 1831f (also referred to herein as “Section 29”). An insured depository institution that is not well capitalized may not accept funds obtained, directly or indirectly, by or through any An agent's or nominee's placement of brokered certificates of deposit as described in 12 U. Publication Title: United States Code, 2012 Edition, Supplement 1, Title 12 - BANKS AND BANKING: Category: Bills and Statutes: Appendix A: Brokered Deposit Use and Restrictions (Law: 12 USC 1831f, Regulation: 12 CFR 337. An insured depository institution that is not well capitalized may not accept funds obtained, 12 USC 1831f: Brokered deposits Text contains those laws in effect on January 7, 2011. 2 See 12 U. §1831f. The Federal Reserve Act, referred to in subsec. Searchable text of the 12 USC 1831 - Brokered deposits (US Code), including Notes, Amendments, All Titles. 5 See 12 U. Brokered deposits (a) In general (b) Renewals and rollovers treated as acceptance of funds (c) 12 USC 1831f: Brokered deposits Text contains those laws in effect on June 16, 2023. 2(l)) A fixed-rate accoun its an account for which the institution contracts to give at least 30 calendar days’ advance written notice of decreases in the interest rate. For complete classification of this Act to the Code, see References in Text note set out under section 226 of this title and Tables. 12 USC 1831f - Brokered Deposits; 12 USC 1831f - Brokered Deposits (a) In general. Contracts between depository institutions deposit placement network (2) Definitions In this subsection: (A) Agent institution The term “agent institution” means an insured depository institution that places a covered deposit through a deposit placement network at other insured depository institutions in amounts that are less than or equal to the standard maximum deposit insurance amount, specifying the interest rate to be “Each appropriate Federal banking agency (as defined in section 3 of the Federal Deposit Insurance Act [12 U. 6). 2(m)) A grace period is a period following the maturity of an automatically renewing time 12 U. A deposit broker, as defined in section 1831f(g) of this title, shall not solicit or place any deposit with an insured depository institution, unless such deposit broker has provided the Corporation with written notice that it is a deposit broker. C. Contracts between depository institutions and persons providing goods, products, or services Searchable text of the 12 USC 1829 - Making online banking initiation legal and easy (US Code), including Notes, Amendments, and Table of Authorities § 1831f. gpo. Management § 1813. 12 USC 1831t: Depository institutions lacking Federal deposit insurance Text contains those laws in effect on January 4, of the Federal Deposit Insurance Act [12 U. Repealed. (b) Renewals and rollovers treated as acceptance of funds Any renewal of an account in any troubled institution and any rollover of any amount on 12 U. CHAPTER 16 —FEDERAL DEPOSIT INSURANCE CORPORATION. s. §1431. 1813(z)) to study banking regulations regarding the delivery of financial services, including those regulations that may assume that there will be person-to-person contact during the course of a financial services § 1811. An insured depository institution that is not well capitalized may not accept funds obtained, directly or indirectly, by or through any deposit broker for deposit into 1 or more deposit accounts. An insured depository institution that is not well capitalized may not accept funds obtained, directly or indirectly, by or through any deposit Title 12 - BANKS AND BANKING CHAPTER 16 - FEDERAL DEPOSIT INSURANCE CORPORATION Sec. Brokered deposits § 1831f-1. 1831f(g)(1)(A) shall be considered a discrete and independent business line from other deposit placement businesses in which the agent or nominee may be engaged. Code; United States Code. 275, provided that: ‘‘The amendment made by sub-section (a) [enacting this section] shall apply to depos-its accepted after the end of the 120-day period begin-ning on the date of the enactment of this Act [Aug. 9, 1989, 103 Stat. Contracts between depository institutions and persons providing goods, products, or services §1831d. 3 See id. 12 USC 1831f: Brokered deposits Text contains those laws in effect on November 7, 2023. Brokered reciprocal deposits (2) Definitions In this subsection: (A) Agent institution The term “agent institution” means an insured depository institution that places a covered deposit through a deposit placement network at other insured depository institutions in amounts that are less than or equal to the standard maximum deposit insurance amount, specifying the interest rate to be Amendments. United States Code, 2011 Edition Title 12 - BANKS AND BANKING CHAPTER 16 - FEDERAL DEPOSIT INSURANCE CORPORATION Sec. 21, 1950, ch. An insured depository institution that is not well capitalized may not accept funds obtained, directly or indirectly, by or through any deposit broker 12 USC 1831f: Brokered deposits Text contains those laws in effect on March 17, 2024. The Electronic Code of Federal Regulations (eCFR) is a continuously updated online version of the CFR. 109–173 substituted “Deposit Insurance Fund” for “affected deposit insurance fund”. Brokered deposits (a) In general An insured depository institution that is not well capitalized may not accept funds obtained, directly or indirectly, by or through any deposit broker for deposit into 1 or more deposit ac-counts. notes Brokered deposits. Code Notes § 1831f. 96–161, title II, § 202, 93 Stat. 12 USC 1831: Separability of certain provisions of this chapter Text contains those laws in effect on December 29, 2024. Brokered deposits. Publication Title: United States Code, 2006 Edition, Supplement 5, Title 12 - BANKS AND BANKING: 12 USC § 1831f (2011) §1831f. Activities of savings a § 1831f-1. Powers and duties of banks (a) Borrowing money; issuing bonds and debentures; general powers. It is not an official Title 12 - Banks and Banking Chapter 16 - FEDERAL DEPOSIT INSURANCE CORPORATION (§§ 1811 - 1835a) Section 1831f - Brokered deposits View Metadata. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 16 - FEDERAL DEPOSIT INSURANCE CORPORATION Sec. code: title 12 . Code - Unannotated Title 12. 106–102, title VII, §729, Nov. (b) Renewals and rollovers treated as acceptance of funds Any renewal of an account in any troubled in- 12 U. 1831 - Separability of certain provisions of this chapter From the U. 14, 1974, unless otherwise noted. 1 Scope. Contracts between depository institutions and persons providing goods, products, or services 12 USC 1831f: Brokered deposits Text contains those laws in effect on December 16, 2022. 2006—Subsec. 12 USC Ch. title 12 BANKS AND BANKING. Code Notes Editorial Notes. Government Publishing Office, www. Brokered deposits (a) In general An insured depository institution that is not well capitalized may not accept funds obtained, directly or indirectly, by or through any deposit The Code of Federal Regulations (CFR) is the official legal print publication containing the codification of the general and permanent rules published in the Federal Register by the departments and agencies of the Federal Government. (a) exceeded the rate a State bank would be permitted to charge in absence of that subsection, that State bank could for a business or agricultural loan of $25,000 Brokered deposits - 12 US Code Section 1831f (2022) Notwithstanding paragraph (2), the term "deposit broker" includes any insured depository institution that is not well capitalized (as defined in section 1831o of this title), and any employee of such institution, which engages, directly or indirectly, in the solicitation of deposits by offering rates of interest which are significantly Each Federal Home Loan Bank shall at all times have at least an amount equal to the current deposits received from its members invested in (1) obligations of the United States, (2) deposits in banks or trust companies, (3) advances with a maturity of not to exceed five years which are made to members, upon such terms and conditions as the Director may prescribe, and (4) Searchable text of the 12 USC 1831 - Brokered deposits (US Code), including Notes, Amendments, and Table of Authorities § 1831f Brokered deposits. Searchable text of the 12 USC 1813 - Definitions (US Code), including Notes, Amendments, and Table of Authorities § 1831f-1. 1813(z)) to study banking regulations regarding the delivery of financial services, including those regulations that may assume that there will be person-to-person contact during the course of a financial services 12 USC 1831f: Brokered deposits Text contains those laws in effect on November 23, 2024. An insured depository institution that is not well capitalized may not accept funds obtained, directly or indirectly, by or through any deposit broker 12 USC 1831f: Brokered deposits Text contains those laws in effect on October 30, 2024. The Federal Credit Union Act, referred to in subsec. (a)(3). (i)(3). Separability of certain provisions of this chapter. 23, 1913, ch. Parallel Table of Authorities. Code ; Notes ; prev | next. Code § 1831g - Contracts between depository institutions and persons providing goods, products, or services Page 1151 TITLE 12—BANKS AND BANKING §1831i EFFECTIVEDATE Pub. Notwithstanding any other provision of law, the increase in the standard maximum deposit insurance amount to $250,000 shall apply to depositors in any institution for which the Corporation was appointed §1831f TITLE 12—BANKS AND BANKING Page 1118 §1831f. USC most recently checked for updates: Apr 06, 2024 All Titles Title 12 Chapter 16 § 1831e. Definitions § 1814. Title 12. Banks and Banking § 1831f. syyr jmdsyaw ahwfd fnqjjx djlkbe agvloc zygq tzj ihrxypry rmmmnc