Brokered deposit definition

Brokered deposit shall have the meaning set forth in 12 C.F.R. § 337.6(a)(2). The limitation of this paragraph shall include the acquisition of Brokered Deposits through any transfer, purchase, or sale of assets, including Federal funds transactions.

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Brokered deposit means “brokered deposit” as defined in 12 C.F.R. 337.6(a)(2).

Examples of Brokered deposit in a sentence

Brokered deposit accounts are accounts for which the “depositor of record” is an agent, nominee, or custodian who deposits funds for a principal or principals to whom “pass-through” deposit insurance coverage may be extended.
Brokered deposit accounts are accounts for which the “depositor of record” is an agent, nominee or custodian who deposits funds for a principal or principals to whom “pass-through” deposit insurance coverage may be extended.
When calculating the premium to be paid on Assumed Deposits in a P&A transaction, the FDIC will exclude the following categories of deposit accounts: I Non- DO Brokered Deposits $0 II CDARS $0 III Market Place Deposits $0 Total deposits excluded from Calculation of premium $0 Brokered deposit accounts are accounts for which the “depositor of record” is an agent, nominee, or custodian who deposits funds for a principal or principals to whom “pass-through” deposit insurance coverage may be extended.
I Brokered Deposits Brokered deposit accounts are accounts for which the “depositor of record” is an agent, nominee, or custodian who deposits funds for a principal or principals to whom “pass-through” deposit insurance coverage may be extended.
The FDIC will exclude the following additional categories of deposit accounts and will not pass to the Assuming Bank: I DO Brokered Deposits $70,157,114.26 II Non- DO Brokered Deposits $1,621,356.87 III Market Place Deposits $203,066,783.52 Total deposits excluded $274,845,254.65 Brokered deposit accounts are accounts for which the “depositor of record” is an agent, nominee, or custodian who deposits funds for a principal or principals to whom “pass-through” deposit insurance coverage may be extended.

More Definitions of Brokered deposit

Brokered deposit shall have the meaning set forth in 12 C.F.R. 337.6(a)(2).

Brokered deposit means “brokered deposit” as defined in 12 C.F.R. 337.6(a)(2) but shall exclude ‘CDARS’® deposits which are reciprocal and ICS™ program Deposits.

Brokered deposit means a deposit, obtained, directly or indirectly, by or through any deposit broker as defined in Section 29(f) of the Federal Deposit Insurance Act, 12 U.S.C. '1831(f) and the corresponding federal regulations, without regard to whether or not the depository institution in which such funds are deposited is not well capitalized for purposes of that section. "Business Day" means any Monday, Tuesday, Wednesday, Thursday, or Friday that is not a Federal or State holiday generally recognized by banks in the State of South Carolina. "Cash Items" means all cash items, suspense items and items in process of collection, that are related to the Branch Deposits and Branch Loans and (i) which, on the Closing Date, have not been outstanding and uncollected for a period in excess of 30 days, or (ii) which otherwise are acceptable to Purchaser. "Closing" and "Closing Date" shall have the meanings assigned to them in Section 4.1 of the Agreement. "Closing Payment" shall have the meaning set forth in Section 3.2. "Demand Deposits" means individual, partnership, corporate and any other negotiable deposits, including, without limitation, NOW accounts. "Deposit" shall have the meaning set forth in Section 3(1) of the Federal Deposit Insurance Act, 12 U.S.C. '1813(l), including, without limitation, individual retirement accounts ("▇▇▇") and cash management accounts. "Depository Institution" means any bank or savings association as those terms are defined in Section 3(c) of the Federal Deposit Insurance Act, 12 U.S.C. '1813(c), and any credit union. "Effective Time" means the 12:01 a.m. on the Closing Date. "Employees" means the employees assigned to the Branch Office from the date of the Agreement through Closing. "Equipment Leases" shall have the meaning set forth in Section 2.1(g). "ERISA" means the Employee Retirement Income Security Act of 1974, as amended. "Excluded Assets" shall have the meaning set forth in Section 2.2. "Excluded Deposits" means (i) Brokered Deposits, (ii) deposits which are the subject of attachment, garnishment or other legal process, (iii) such other Deposits as are described on Schedule 2.4(a) hereto, and (iv) related Accrued Interest Payable on such Excluded Deposits. "FDIC" means the Federal Deposit Insurance Corporation. "Federal Funds Rate" shall be the weighted daily mean of the high and low rates quoted for Federal Funds in the Money Rates Column of The Wall Street Journal, or if not reported for such day, the average of such quotations for t...

Brokered deposit means a Deposit obtained, directly or ---------------- indirectly, by or through any Person acting as a Deposit Broker, as defined in Section 29(g) of the FCI Act, as amended, 12 U.S.C. 1831f(g).

Brokered deposit means any deposit held at the national bank or Federal Brokered sweep deposit means a de- posit held at the national bank or Fed- eral savings association by a customer or counterparty through a contractual feature that automatically transfers to the national bank or Federal savings association from another regulated fi- nancial company at the close of each business day amounts identified under the agreement governing the account from which the amount is being trans- ferred.

Brokered deposit means any deposit held at the national bank or Federal savings association that is obtained, directly or indirectly, from or through the mediation or assistance of a de- posit broker as that term is defined in section 29 of the Federal Deposit Insur- ance Act (12 U.S.C. 1831f(g)), and in- cludes a reciprocal brokered deposit and a brokered sweep deposit. Brokered sweep deposit means a de- posit held at the national bank or Fed- eral savings association by a customer or counterparty through a contractual feature that automatically transfers to the national bank or Federal savings association from another regulated fi- nancial company at the close of each business day amounts identified under the agreement governing the account from which the amount is being trans- ferred.

Brokered deposit means a deposit obtained, directly or indirectly, by or through any deposit broker as defined in Section 29(f) of the Federal Deposit Insurance Act, 12 U.S.C. 1831f and the corresponding federal regulations, without regard to whether or not the depository institution in which such funds are deposited is not well capitalized for purposes of that section.