Brokered deposits.

CFR · 2024-01-01 · US · Title 12

(a) (1) (2) (3) (ii) If the appropriate federal banking agency reclassifies a well-capitalized insured depository institution as adequately capitalized pursuant to section 38 of the Federal Deposit Insurance Act, the institution so reclassified shall be subject to the provisions applicable to such lower capital category under this section and § 337.7. (iii) An insured depository institution shall be deemed to be within a given capital category for purposes of this section and § 337.7 as of the date the institution is notified of, or is deemed to have notice of, its capital category, under regulations implementing section 38 of the Federal Deposit Insurance Act issued by the appropriate federal banking agency for that institution. (4) (5) (A) Any person engaged in the business of placing deposits of third parties with insured depository institutions; (B) Any person engaged in the business of facilitating the placement of deposits of third parties with insured depository institutions; (C) Any person engaged in the business of placing deposits with insured depository institutions for the purpose of selling those deposits or interests in those deposits to third parties; and (D) An agent or trustee who establishes a deposit account to facilitate a business arrangement with an insured depository institution to use the proceeds of the account to fund a prearranged loan. (ii) (iii) (A) The person has legal authority, contractual or otherwise, to close the (B) The person is involved i

official document · source cfr-2024 · id 12:§ 337.6