Lets more banks count shared deposits as local funds.
This bill would change how banks count certain shared deposits, called reciprocal deposits. It would let more banks treat these funds as regular deposits, rather than 'brokered deposits' which have stricter rules. This could help many banks, especially smaller ones, manage their money more easily.
Today, banks follow specific rules and limits for how they count reciprocal deposits, especially regarding whether they are considered 'brokered deposits.' The requirements for a bank to be an 'agent institution' also have a narrower range of acceptable financial health ratings. If this bill becomes law, banks would be able to count a larger portion of their reciprocal deposits as regular funds. This would make them subject to fewer restrictions. More banks would also qualify as 'agent institutions' due to expanded rating criteria.
HR 3234 · 119th Congress · May 7, 2025 · AI Summary by gemini-2.5-flash · 10/10
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10 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.