Reciprocal Deposits: Implementing the 21st Century ROAD to Housing Act
Why this matters
This is a final interim rule (not a proposal) issued by the FDIC amending 12 CFR 337.6 to implement Section 902 of the 21st Century ROAD to Housing Act, effective September 1, 2026. The rule materially changes reciprocal deposit caps (tiered structure replacing prior 5B/20% cap), expands agent institution eligibility (CAMELS 1-3 instead of 1-2 only), and provides clarifications on deposit receipt and requalification timing. The rule creates new binding obligations for banks and credit unions managing reciprocal deposits, with a 30-day comment period but immediate effectiveness. This affects prudential capital/deposit management and regulatory reporting requirements across the banking sector.
AI-generated classification rationale, not a full analysis. Verify with the original FDIC source before acting. Full disclaimer.
What the FDIC said
Interim final rule and request for comment. The Federal Deposit Insurance Corporation (FDIC) is amending its brokered deposit regulations to conform with recent changes to section 29 of the Federal Deposit Insurance Act made by section 902 of the 21st Century ROAD to Housing Act related to reciprocal deposits, which…
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Context
Federal Deposit Insurance Corporation (FDIC) — Insures US bank deposits and supervises state non-member banks. We track 42 updates from them.
US financial regulation is overseen by multiple agencies including the SEC, CFTC, Federal Reserve, OCC and FDIC. Browse all United States updates.
This update is classified under Prudential / Capital Requirements, Reporting & Disclosure and Banking & Credit.