The Federal Deposit Insurance Corporation (FDIC) is extending the comment period on its notice of proposed rulemaking (NPR) to strengthen the important prudential protections of the agency’s safety and soundness rule on brokered deposits (12 CFR 337.6) that implements Section 29 of the Federal Deposit Insurance Act.
To provide additional opportunity for the public to prepare comments to address the matters raised by the NPR, the FDIC is extending the comment period for the brokered deposits-related NPR from October 22, 2024, to November 21, 2024.
Public comments on the proposal are due by November 21, 2024.