FDIC proposes rule to implement ICBA-advocated reciprocal deposit change
August 28, 2026 / By ICBA
The FDIC board of directors approved an interim final rule to amend the statutory framework governing reciprocal deposits in line with an ICBA-advocated provision of the 21st Century ROAD to Housing Act.
Details: The interim final rule:
Raises the amount of reciprocal deposits an agent institution may exclude from treatment as brokered deposits based on a new tiered liability-based calculation, up to a maximum of $30 billion.
Broadens the definition of “agent institution” and provides clarifications regarding the operation of the reciprocal deposits framework.
Comment Deadline: Comments on the rule are due within 30 days after the date of publication in the Federal Register.
Background: The 21st Century ROAD to Housing Act, which took effect last month following bipartisan congressional passage in June, includes an ICBA-advocated provision allowing community banks to hold custodial deposits and more reciprocal deposits without them being considered brokered deposits, which are subject to restrictions.
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