Reciprocal deposits definition

Reciprocal deposits means deposits received by an agent institution through a deposit placement network with the same maturity (if any) and in the same aggregate amount as covered deposits placed by the agent institution in other network member banks.
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Reciprocal deposits means deposits that are initially deposited into a qualified depository and are then redeposited through a deposit account registry service:
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Reciprocal deposits means deposits that are initially deposited into a qualified
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Examples of Reciprocal deposits in a sentence

  • Reciprocal deposits for example are often misperceived as brokered deposits yet these deposits are gathered from the area and community.

  • Reciprocal deposits in excess of the general cap, as well as those reciprocal deposits that do not meet section 202’s limited exception, are brokered deposits.Special CapA special cap applies if the institution is either not well rated or not well capitalized.

  • Reciprocal deposits acquired by the partner central bank also are considered reserve assets, as long as they meet the general criteria for being reserve assets, if they are denominated and settled in a convertible currency.

  • Reciprocal deposits that are brokered reciprocal deposits will continue to be excluded from the ratio.

  • Reciprocal deposits are not presently reported in the Call Report or TFR.

  • Reciprocal deposits over these amounts are allowed, but the incremental amount (overage) is treated as brokered.• If a bank drops below well capitalized, the bank no longer requires a waiver from the FDIC to continue accepting reciprocal deposits, solong as the bank does not receive an amount of reciprocal deposits that causes its total reciprocal deposits to exceed a specified previous average.

  • Reciprocal deposits are excluded from brokered deposits for purposes of making this calculation, but sweeps, referrals from affiliates and all other brokered deposits are included.


More Definitions of Reciprocal deposits

Reciprocal deposits means deposits received by
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Reciprocal deposits meansdeposits received by an agent institution through a deposit placement network with the same maturity (if any) and in the same aggregate amount as covered deposits placed by the agent institution in other network member banks.* * * * *Dated at Washington, DC, on December 18, 2018.By Order of the Board of Directors. Federal Deposit Insurance Corporation.Valerie Best,Assistant Executive Secretary.[FR Doc. 2018–28137 Filed 2–1–19; 8:45 am]BILLING CODE 6714–01–Pthrough a final rulemaking to retain the deterrent effect of such penalties.II. Background
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Reciprocal deposits means deposits received by an agent institution through a deposit placement network with the same maturity (if any) and in the same aggregate amount as covered deposits placed by the agent institu- tion in other network member banks.(f) A market is any readily defined geographical area in which the rates offered by any one insured depository institution soliciting deposits in that area may affect the rates offered by other insured depository institutions operating in the same area. The effec- tive yield on a deposit with an odd ma- turity shall be determined by inter- polating between the yields offered by other insured depository institutions on deposits of the next longer and shorter maturities offered in the mar- ket. For purposes of this § 337.6, a pre- sumption shall exist that the pre- vailing rate or effective yield in the relevant market is the national rate as defined in paragraph (b)(2)(ii)(B) of this section unless the FDIC determines, in its sole discretion based on available evidence, that the effective yield in that market differs from the national rate. Evidence of the effective yield in a particular market may include (but is not limited to) the following:
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Related to Reciprocal deposits

  • Special Deposits have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • special deposit means a deposit held other than at call on behalf of the Crown, or any local authority within the meaning of the Local Government Act 1974;

  • Central Depository means Centrálny depozitár cenných papierov SR, a.s., with its registered seat at ul. 29. augusta 1/A, Bratislava 814 80, Slovak Republic, registered in the Commercial Register maintained by the District Court Bratislava I, Section: Sa, Insert No.: 493/B;

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • Additional Deposit shall have the meaning set forth in Section 2.2.2.

  • Special deposit claim means a claim secured by a deposit made pursuant to statute for the security or benefit of a limited class or classes of persons, but not including a claim secured by general assets.

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Differential Deposit means data that reflects all transactions that were not reflected in the last previous Full or Differential Deposit, as the case may be. Each Differential Deposit will contain all database transactions since the previous Deposit was completed as of 00:00:00 UTC of each day, but Sunday. Differential Deposits must include complete Escrow Records as specified below that were not included or changed since the most recent full or Differential Deposit (i.e., newly added or modified domain names).

  • Security Deposits means all Tenant security deposits in the form of cash and letters of credit, if any, held by Seller, as landlord (together with any interest which has accrued thereon, but only to the extent such interest has accrued for the account of the Tenant).

  • Assumed Deposits means Deposits.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • Deposit Liabilities means all of Seller's duties, obligations and liabilities relating to the deposit accounts of the Branches as of the Effective Time (including accrued but unpaid or uncredited interest thereon).

  • Imposition Deposits are defined in Section 7(a).

  • Spread Account Initial Deposit means an amount equal to 3% of the aggregate principal balance of the Receivables on the Closing Date (which is equal to $26,373,696.22).

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • deposits townsite means the townsite to be established on or near the mining areas pursuant to this Agreement;

  • Time Deposits means time deposits, certificates of deposit or similar arrangements with any bank or trust company, including the Trustee or an affiliate thereof, which is a member of the Federal Deposit Insurance Corporation.

  • Original Deposit Agreement shall have the meaning given to such term in the preambles to the Deposit Agreement.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Central Depositories Act means the Securities Industry (Central Depositories) Act 1991 and every statutory amendment, modification or re-enactment thereof for the time being in force;

  • Capitalized Interest Account Initial Deposit means $1,733,333.78 deposited on the Closing Date.

  • Security Deposit Account has the meaning given in Section 5.1.