Proposed Rule2024-23631
Unsafe and Unsound Banking Practices: Brokered Deposits Restrictions; Extension of Comment Period
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 11, 2024
Effective
August 23, 2024
Issuing agencies
Federal Deposit Insurance Corporation
Abstract
On August 23, 2024, the FDIC published in the Federal Register a proposed rule that would make revisions to its regulations relating to the brokered deposit restrictions that apply to less than well- capitalized insured depository institutions. The proposed rule provided for a 60-day comment period, which closes on October 22, 2024. The FDIC has determined that an extension of the comment period until November 21, 2024, is appropriate. This action will allow interested parties additional time to analyze the proposal and prepare comments.
Full Text
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<title>Federal Register, Volume 89 Issue 198 (Friday, October 11, 2024)</title>
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[Federal Register Volume 89, Number 198 (Friday, October 11, 2024)]
[Proposed Rules]
[Pages 82537-82538]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-23631]
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FEDERAL DEPOSIT INSURANCE CORPORATION
12 CFR Parts 303 and 337
RIN 3064-AF99
Unsafe and Unsound Banking Practices: Brokered Deposits
Restrictions; Extension of Comment Period
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice of proposed rulemaking; extension of comment period.
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SUMMARY: On August 23, 2024, the FDIC published in the Federal Register
a proposed rule that would make revisions to its regulations relating
to the brokered deposit restrictions that apply to less than well-
capitalized insured depository institutions. The proposed rule provided
for a 60-day comment period, which closes on October 22, 2024. The FDIC
has determined that an extension of the comment period until November
21, 2024, is appropriate. This action will allow interested parties
additional time to analyze the proposal and prepare comments.
DATES: The comment period for the document that published at 89 FR
68244 (August 23, 2024) is extended. Comments must be received on or
before November 21, 2024.
ADDRESSES: You may submit comments on this document using any of the
following methods:
<bullet> Agency Website: https://www.fdic.gov/resources/
regulations/
[[Page 82538]]
federal-register-publications/. Follow the instructions for submitting
comments on the agency website.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#b0d3dfddddd5dec4c3f0d6d4d9d39ed7dfc6"><span class="__cf_email__" data-cfemail="c5a6aaa8a8a0abb1b685a3a1aca6eba2aab3">[email protected]</span></a>. Include RIN 3064-AF99 in the
subject line of the message.
<bullet> Mail: James P. Sheesley, Assistant Executive Secretary,
Attention: Comments--RIN 3064-AF99, Federal Deposit Insurance
Corporation, 550 17th Street NW, Washington, DC 20429.
<bullet> Hand Delivery: Comments may be hand delivered to the guard
station at the rear of the 550 17th Street NW Building (located on F
Street) on business days between 7 a.m. and 5 p.m.
<bullet> Public Inspection: Comments received, including any
personal information provided, may be posted without change to <a href="https://www.fdic.gov/resources/regulations/federal-register-publications/">https://www.fdic.gov/resources/regulations/federal-register-publications/</a>.
Commenters should submit only information that the commenter wishes to
make available publicly. The FDIC may review, redact, or refrain from
posting all or any portion of any comment that it may deem to be
inappropriate for publication, such as irrelevant or obscene material.
The FDIC may post only a single representative example of identical or
substantially identical comments, and in such cases will generally
identify the number of identical or substantially identical comments
represented by the posted example. All comments that have been
redacted, as well as those that have not been posted, that contain
comments on the merits of the notice will be retained in the public
comment file and will be considered as required under all applicable
laws. All comments may be accessible under the Freedom of Information
Act.
FOR FURTHER INFORMATION CONTACT:
Division of Risk Management Supervision: Thomas F. Lyons, Associate
Director, 202-898-6850, <a href="/cdn-cgi/l/email-protection#86d2caffe9e8f5c6e0e2efe5a8e1e9f0"><span class="__cf_email__" data-cfemail="53071f2a3c3d201335373a307d343c25">[email protected]</span></a>; Karen J. Currie, Chief, 202-
898-3981, <a href="/cdn-cgi/l/email-protection#551e162027273c301533313c367b323a23"><span class="__cf_email__" data-cfemail="d9929aacababb0bc99bfbdb0baf7beb6af">[email protected]</span></a>; Judy E. Gross, Senior Policy Analyst, 202-
898-7047, <a href="/cdn-cgi/l/email-protection#0e447b497c617d7d4e686a676d20696178"><span class="__cf_email__" data-cfemail="6e241b291c011d1d2e080a070d40090118">[email protected]</span></a>.
Legal Division: Vivek Khare, Senior Counsel, 202-898-6847,
<a href="/cdn-cgi/l/email-protection#10465b7871627550767479733e777f66"><span class="__cf_email__" data-cfemail="194f5271786b7c597f7d707a377e766f">[email protected]</span></a>; Chantal Hernandez, Counsel, 202-898-7388,
<a href="/cdn-cgi/l/email-protection#cf8ca787aabda1aea1abaab58fa9aba6ace1a8a0b9"><span class="__cf_email__" data-cfemail="4e0d26062b3c202f202a2b340e282a272d60292138">[email protected]</span></a>; Ryan McCarthy, Counsel, 202-898-7301,
<a href="/cdn-cgi/l/email-protection#6133182c0202001315091821070508024f060e17"><span class="__cf_email__" data-cfemail="3c6e45715f5f5d4e4854457c5a58555f125b534a">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: On August 23, 2024, the FDIC published in
the Federal Register \1\ a proposed rule amending the brokered
deposits-related regulations implementing section 29 of the FDI Act.\2\
The proposed rule stated that the comment period would close on October
22, 2024. However, to provide additional opportunity for the public to
prepare comments to address the matters raised by the proposed rule,
the FDIC is extending the comment period for the brokered deposits-
related proposed rule from October 22, 2024, to November 21, 2024.
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\1\ 89 FR 68244.
\2\ 12 U.S.C. 1831f.
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Federal Deposit Insurance Corporation.
Dated at Washington, DC, on October 8, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-23631 Filed 10-10-24; 8:45 am]
BILLING CODE 6714-01-P
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