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Unsafe and Unsound Banking Practices: Brokered Deposits

Published: January 10, 2022

Agency: " Federal Deposit Insurance Corporation." SUMMARY: The FDIC is identifying an additional business relationship, or "designated exception," that meets the "primary purpose" exception to the deposit broker definition. FOR FURTHER INFORMATION CONTACT: Division of Risk Management Supervision: Rae-Ann Miller, Associate Director, 898-3898,...

Source: insurancenewsnet.com

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