Brokered Deposit

(redirected from Brokered Deposits)

Brokered Deposit

A large sum of money composed of many smaller sums offered to a broker by investors. The small sums are compiled into a brokered deposit to qualify for a higher interest rate when the broker deposits it into an investment vehicle.

References in periodicals archive ?

This growth in deposits helps to fund our loan growth while decreasing our reliance on wholesale funding and brokered deposits.

Community Bancorp. announces earnings of $1,524,619

The FDIC will mail checks for time deposit accounts, including all other CDs, individual retirement accounts (IRAs), and brokered deposits, directly to account holders on Monday, May 1.

United States : Whitney Bank, Gulfport, Mississippi, Assumes All Transactional Deposit Accounts of First NBC Bank, New Orleans, Louisiana

The other billion dollars attributed to BOZ's headquarters in Little Rock came from brokered deposits, bundled deposits that banks seek out in order to fund loan demand.

Bank of Ozarks fuels state deposit growth

in performance and confidence sensitive ABS and brokered deposits which

Moody's assigns Baa3 rating to Discover Bank's senior unsecured notes issue

First Southern Bank has said that it has acquired mostly all of the assets and the deposits, except brokered deposits, of First Commercial Bank of Florida from the Federal Deposit Insurance Corporation (FDIC), more than doubling its community bank franchise.

-First Southern Bank acquires First Commercial Bank of Florida

Jacksonville-based EverBank has agreed to assume all deposits, excluding certain brokered deposits.

Regulators seized 14 Florida banks in first two quarters

Brokered deposits combined with rapid asset growth have played a role in a number of costly failures, including some recent ones, said FDIC.

FDIC proposes higher assessments on insured banks

The FDICIA included other provisions as well, such as new real estate lending guidelines and restrictions on the use of brokered deposits [FDIC, 1992 Annual Report, pp.

Savings and loan failure rate impact of the FDICIA of 1991

In addition, institutions that are not allowed to accept brokered deposits may also lose "pass-though" deposit insurance on new deposits or rollovers of existing deposits obtained from fiduciaries such as pension funds and insurance companies.

Recent developments in discount window policy

These requirements include prompt corrective action rules, risk-related insurance premiums and brokered deposits.

FDIC chairman cites future challenges

But as regulators have taken drastic actions to intimidate financial institutions from using brokered deposits, either as a source of funds or as earning assets, CD rates are no longer even a crude indicator.