March 25, 2011
Comments: FDIC Core & Brokered Deposit Study
![FDIC seal](https://aabd.org/wp-content/uploads/2014/02/FDIC1.jpg)
Section 29 of the Federal Deposit Insurance Act restricts the use of brokered deposits and the rate of interest paid on deposits for insured institutions that are less than well-capitalized as defined in Section 38 of the FDI Act. Section 29 restrictions are implemented by Section 337.6 of the FDIC Rules and Regulations.
Download PDF: Chartwell Capital Letter to FDIC re Core & Brokered Deposit Study