Brokered Deposits definition

Brokered Deposits means all Deposits that have been placed through a broker or other intermediary for which HRB Bank has incurred liability for payment of a commission or other remuneration to such broker or intermediary.

Brokered Deposits means (a) “brokered deposits” within the meaning of 12 C.F.R. § 337.6 and (b) deposits that are of the type having risk characteristics similar to “brokered deposits” as contemplated by the Joint Agency Advisory on Brokered and Rate Sensitive Deposits, dated May 11, 2001, of the Board of Governors of the Federal Reserve System, FDIC, Office of the Comptroller of the Currency and OTS.

Brokered Deposits means (a) "brokered deposits" within the meaning of 12 C.F.R. Section 337.6 and (b) deposits that are of the type having risk characteristics similar to "brokered deposits" as contemplated by the Joint Agency Advisory on Brokered and Rate Sensitive Deposits, dated May 11, 2001, of the Board of Governors of the Federal Reserve System, FDIC, OCC and Office of Thrift Supervision.

Examples of Brokered Deposits in a sentence

• The FDIC separates brokered deposit accounts into 2 categories: 1) Depository Organization (DO) Brokered Deposits and 2) Non-Depository Organization (Non-DO) Brokered Deposits.

• Non-DO Brokered Deposits pass to the Assuming Bank, but are excluded from Assumed Deposits when the deposit premium is calculated.

• Non-DO Brokered Deposits pass to the Assuming Institution, but are excluded from Assumed Deposits when the deposit premium is calculated.

• Upon consideration of the Bank's application, the Assistant Deputy Comptroller will determine whether the proposed acquisition of Brokered Deposits may be accomplished in a safe and sound manner and may condition the Bank's acquisition as the Assistant Deputy Comptroller shall deem appropriate.

• If this institution had any DO Brokered Deposits (Cede & Co as Nominee for DTC), they are excluded from Assumed Deposits in the P&A transaction.

More Definitions of Brokered Deposits

Brokered Deposits means deposit account obligations originated by third party financial institutions (not Seller) that are sold by such institutions to brokers who in turn sell such deposit account obligations to third parties (such as Seller).

Brokered Deposits means any deposit as defined as a brokered deposit under Section 29 of the Federal Deposit Insurance Act as implemented by FDIC regulation Section 337.6. Brokered Deposits does not include internet deposits or deposits from deposit originators.

Brokered Deposits means any brokered deposit as defined in ss. 337.6 of the FDIC Rules and Regulations.

Brokered Deposits has the meaning ascribed to such term in Section 8.1(m).

Brokered Deposits means “brokered deposits” within the meaning of 12 C.F.R. 5337.

Brokered Deposits shall include all (i) “brokered deposits” as that term is defined in federal banking laws and (ii) all deposit accounts with a financial institution, credit union or similar entity.

Brokered Deposits means deposits which if assumed by Purchaser may be classified as “brokered deposits” by Purchaser’s regulators.