A1 - What is a brokered deposit?

Compliance > Deposits > Brokered Deposits
Q:  What is a brokered deposit?
 
A:  The term “brokered deposit” is defined in the FDIC’s regulations as “any deposit that is obtained, directly or indirectly, from or through the mediation or assistance of a deposit broker.”  Thus, the meaning of the term “brokered deposit” depends upon the meaning of the term “deposit broker.”
 
 
This can be found in FDIC’s "Identifying, Accepting and Reporting Brokered Deposits Frequently Asked Questions," which can be found at https://www.fdic.gov/news/news/financial/2016/fil16042b.pdf
 

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