Summary:
The FDIC is extending the public comment period for its Notice of Proposed Rulemaking (NPR) for brokered deposits by 60 days to provide bankers and other interested parties additional time in light of challenges associated with COVID-19.
Statement of Applicability to Institutions with Total Assets Under under $1 Billion:
This Financial Institution Letter (FIL) applies to all FDIC-insured banks and savings associations, including community institutions.
Distribution:
FDIC-Insured Institutions
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