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federal_register: 2021-28540

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document_number title type abstract publication_date pub_year pub_month html_url pdf_url agency_names agency_ids excerpts regulation_id_numbers
2021-28540 Unsafe and Unsound Banking Practices: Brokered Deposits Rule The FDIC is identifying an additional business relationship, or "designated exception," that meets the "primary purpose" exception to the deposit broker definition. The business relationship relates to specific, non-discretionary custodial services offered by third parties to depositors or depositors' agents. Entities that meet the criteria detailed below will be permitted to rely upon the primary purpose exception without submitting a notice or application. 2022-01-10 2022 1 https://www.federalregister.gov/documents/2022/01/10/2021-28540/unsafe-and-unsound-banking-practices-brokered-deposits https://www.govinfo.gov/content/pkg/FR-2022-01-10/pdf/2021-28540.pdf Federal Deposit Insurance Corporation 164 The FDIC is identifying an additional business relationship, or "designated exception," that meets the "primary purpose" exception to the deposit broker definition. The business relationship relates to specific, non-discretionary custodial services...  

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