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The Office of the Comptroller of the Currency, the Federal Reserve Board, and the FDIC are requesting public comments on proposed revisions and extensions to specific reports, aiming to update the guidelines for reporting certain types of deposits, such as brokered and sweep deposits. These revisions align with regulations like the Net Stable Funding Ratio and address exceptions in the revised definition of brokered deposits. Public feedback is sought on whether these updates improve the agencies' ability to monitor financial institutions and assess related risks. The changes are set to take effect beginning with the report date of June 30, 2021.

The Federal Deposit Insurance Corporation (FDIC) has issued a final rule to revise its regulations regarding brokered deposits and interest rate restrictions for less than well-capitalized banks. For brokered deposits, the rule creates a new framework to determine what qualifies as a "deposit broker," including an evaluation of what it means to "facilitate," and introduces several designated exceptions that qualify for this exception without requiring an application. For interest rate restrictions, the FDIC has updated how it calculates the national and local rate caps that less than well-capitalized banks can offer on deposits, aiming to ensure these caps more accurately reflect market conditions. The rule aims to provide clarity to banks while still promoting safety and soundness in their operations.