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Brokered Deposit |
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Brokered Deposit A large-denomination deposit similar to a certificate of deposit. Notes: A brokered deposit is sold by a bank to a brokerage, who then divides it into smaller pieces for sale to its customers.See also: Broker, Certificate of Deposit |
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Considered a red flag of bank woes and the mechanism that many say fueled the S&L crisis, brokered deposits are third-party deposits that are used to boost a bank's liquidity. While that approach has some appeal, it has the obvious disadvantage that it would eliminate those aspects of the brokered deposit market that serve a constructive purpose. In previous regulations, the government has defined a brokered deposit as a deposit which receives a rate of interest half a percentage point higher rate of interest than is given at other financial institutions. |
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Brokered Deposit
