On November 13, 2015, the Federal Deposit Insurance Corporation (FDIC) issued Financial Institution Letter 51-2015 (FIL-51-2015), FDIC Seeking Comment on Frequently Asked Questions Regarding Identifying, Accepting and Reporting Brokered Deposits. FIL-51-2015 seeks comments on the proposed updates to the existing FAQ document on brokered deposits, which was initially released in January of 2015 in FIL-2-2015, after additional comments and questions have been received by the FDIC since the initial issuance. The FAQ document was initially developed to assist the industry by providing one location for the summary of statutes, regulations and guidance issued by the FDIC regarding brokered deposits. Comments on the proposed revisions to the FAQs are due to the FDIC by December 28, 2015.
FIL-51-2015, including the FAQ documents for comment, are available at: https://fdic.gov/news/news/financial/2015/fil15051.html.
