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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

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