D - What is a listing service?

Compliance > Deposits > Brokered Deposits
Q:  What is a listing service?
 
A:    A listing service is a company that compiles and publishes information about deposit accounts at many different banks for consideration by interested depositors.  The information published by a listing service will include the interest rates offered by the various banks.  Some listing services operate Internet sites open to the public, while others provide information solely to banks and institutional investors who are willing to pay subscription fees.


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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