FDIC corrects typos and formatting errors in brokered deposit rules
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Table of Contents
The Federal Deposit Insurance Corporation has published a correction to its regulations on brokered deposits and interest rate restrictions. This action fixes technical errors from a final rule the agency published in January 2021.
Why it matters: This is a housekeeping update to ensure the regulatory text matches what the FDIC intended when it passed the original rule. It does not create new rules or change how banks operate. Its only purpose is to prevent confusion from drafting mistakes like wrong section numbers or inconsistent terminology.
Who it affects
- Banks and savings associations regulated by the FDIC
This correction was issued by the Federal Deposit Insurance Corporation; you should check the original document in the Federal Register before relying on it for legal purposes.
Agency: Federal Deposit Insurance Corporation
Source: Federal Register — read the official document