By Porter Wright on Late last year, the FDIC released guidance on brokered deposits in the form of a series of frequently asked questions and answers (FAQs). The guidance is available here: https://www.fdic.gov/news/news/financial/2015/fil15002a.pdf The ostensible purpose of the guidance is to collect previously scattered views on various questions related to two primary subjects: what are brokered deposits and how they should be reflected … Continue Reading
By Porter Wright on In early July, the FDIC issued a report on an important subject to many community bankers: brokered deposits. The report to Congress, dated July 8, 2011, was required under Dodd-Frank and describes its view of the present role of brokered deposits in banking. Critical, of course, is the FDIC’s observation that bank failures are frequently linked to … Continue Reading
