Brokered deposits.

CFR · 2024-01-01 · US · Title 12

(a) (2) (3) (i) The time period for which the waiver is requested; (ii) A statement of the policy governing the use of brokered deposits in the institution's overall funding and liquidity management program; (iii) The volume, rates and maturities of the brokered deposits held currently and anticipated during the waiver period sought, including any internal limits placed on the terms, solicitation and use of brokered deposits; (iv) How brokered deposits are costed and compared to other funding alternatives and how they are used in the institution's lending and investment activities, including a detailed discussion of asset growth plans; (v) Procedures and practices used to solicit brokered deposits, including an identification of the principal sources of such deposits; (vi) Management systems overseeing the solicitation, acceptance and use of brokered deposits; (vii) A recent consolidated financial statement with balance sheet and income statements; and (viii) The reasons the institution believes its acceptance, renewal, or rollover of brokered deposits would pose no undue risk. (4) (5) (6) (7) (i) Be for a fixed period, generally no longer than two years, but may be extended upon refiling; and (ii) May be revoked by the FDIC at any time by written notice to the institution. (b) (2) (i) (ii) (iii) (3) (i) (A) ( (B) ( (ii) (iii) (iv) (v) (vi) (A) The third party no longer meets the criteria for a designated exception; (B) The notice or subsequent reporting is inaccurate; or (C)

official document · source cfr-2024 · id 12:§ 303.243