Reciprocal Deposits: Implementing the 21st Century ROAD to Housing Act
What happened
The Federal Deposit Insurance Corporation (FDIC) issued an interim final rule, effective September 1, 2026, to amend its brokered deposit regulations. This action conforms with changes made to the Federal Deposit Insurance Act by section 902 of the 21st Century ROAD to Housing Act, which took effect on July 11, 2026. The FDIC is also providing clarifications to simplify compliance. The policy was signed by Donald Trump.
Why it matters
This rule updates how certain reciprocal deposits are treated, potentially impacting how banks classify and manage these funds. It aims to make it easier for institutions to comply with brokered deposit regulations. Public comments are invited until October 1, 2026.
Who it affects
- ›Federal Deposit Insurance Corporation (FDIC)
- ›Insured Depository Institutions (IDIs)
- ›Deposit brokers
- ›Public commenters
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