[Federal Register Volume 89, Number 198 (Friday, October 11, 2024)]
[Proposed Rules]
[Pages 82537-82538]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-23631]


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FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Parts 303 and 337

RIN 3064-AF99


Unsafe and Unsound Banking Practices: Brokered Deposits 
Restrictions; Extension of Comment Period

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice of proposed rulemaking; extension of comment period.

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SUMMARY: On August 23, 2024, the FDIC published in the Federal Register 
a proposed rule that would make revisions to its regulations relating 
to the brokered deposit restrictions that apply to less than well-
capitalized insured depository institutions. The proposed rule provided 
for a 60-day comment period, which closes on October 22, 2024. The FDIC 
has determined that an extension of the comment period until November 
21, 2024, is appropriate. This action will allow interested parties 
additional time to analyze the proposal and prepare comments.

DATES: The comment period for the document that published at 89 FR 
68244 (August 23, 2024) is extended. Comments must be received on or 
before November 21, 2024.

ADDRESSES: You may submit comments on this document using any of the 
following methods:
    <bullet> Agency Website: https://www.fdic.gov/resources/
regulations/

[[Page 82538]]

federal-register-publications/. Follow the instructions for submitting 
comments on the agency website.
    <bullet> Email: <a href="/cdn-cgi/l/email-protection#b0d3dfddddd5dec4c3f0d6d4d9d39ed7dfc6"><span class="__cf_email__" data-cfemail="c5a6aaa8a8a0abb1b685a3a1aca6eba2aab3">[email protected]</span></a>. Include RIN 3064-AF99 in the 
subject line of the message.
    <bullet> Mail: James P. Sheesley, Assistant Executive Secretary, 
Attention: Comments--RIN 3064-AF99, Federal Deposit Insurance 
Corporation, 550 17th Street NW, Washington, DC 20429.
    <bullet> Hand Delivery: Comments may be hand delivered to the guard 
station at the rear of the 550 17th Street NW Building (located on F 
Street) on business days between 7 a.m. and 5 p.m.
    <bullet> Public Inspection: Comments received, including any 
personal information provided, may be posted without change to https://www.fdic.gov/resources/regulations/federal-register-publications/. 
Commenters should submit only information that the commenter wishes to 
make available publicly. The FDIC may review, redact, or refrain from 
posting all or any portion of any comment that it may deem to be 
inappropriate for publication, such as irrelevant or obscene material. 
The FDIC may post only a single representative example of identical or 
substantially identical comments, and in such cases will generally 
identify the number of identical or substantially identical comments 
represented by the posted example. All comments that have been 
redacted, as well as those that have not been posted, that contain 
comments on the merits of the notice will be retained in the public 
comment file and will be considered as required under all applicable 
laws. All comments may be accessible under the Freedom of Information 
Act.

FOR FURTHER INFORMATION CONTACT: 
    Division of Risk Management Supervision: Thomas F. Lyons, Associate 
Director, 202-898-6850, <a href="/cdn-cgi/l/email-protection#86d2caffe9e8f5c6e0e2efe5a8e1e9f0"><span class="__cf_email__" data-cfemail="53071f2a3c3d201335373a307d343c25">[email protected]</span></a>; Karen J. Currie, Chief, 202-
898-3981, <a href="/cdn-cgi/l/email-protection#551e162027273c301533313c367b323a23"><span class="__cf_email__" data-cfemail="d9929aacababb0bc99bfbdb0baf7beb6af">[email protected]</span></a>; Judy E. Gross, Senior Policy Analyst, 202-
898-7047, <a href="/cdn-cgi/l/email-protection#0e447b497c617d7d4e686a676d20696178"><span class="__cf_email__" data-cfemail="6e241b291c011d1d2e080a070d40090118">[email protected]</span></a>.
    Legal Division: Vivek Khare, Senior Counsel, 202-898-6847, 
<a href="/cdn-cgi/l/email-protection#10465b7871627550767479733e777f66"><span class="__cf_email__" data-cfemail="194f5271786b7c597f7d707a377e766f">[email protected]</span></a>; Chantal Hernandez, Counsel, 202-898-7388, 
<a href="/cdn-cgi/l/email-protection#cf8ca787aabda1aea1abaab58fa9aba6ace1a8a0b9"><span class="__cf_email__" data-cfemail="4e0d26062b3c202f202a2b340e282a272d60292138">[email protected]</span></a>; Ryan McCarthy, Counsel, 202-898-7301, 
<a href="/cdn-cgi/l/email-protection#6133182c0202001315091821070508024f060e17"><span class="__cf_email__" data-cfemail="3c6e45715f5f5d4e4854457c5a58555f125b534a">[email protected]</span></a>.

SUPPLEMENTARY INFORMATION: On August 23, 2024, the FDIC published in 
the Federal Register \1\ a proposed rule amending the brokered 
deposits-related regulations implementing section 29 of the FDI Act.\2\ 
The proposed rule stated that the comment period would close on October 
22, 2024. However, to provide additional opportunity for the public to 
prepare comments to address the matters raised by the proposed rule, 
the FDIC is extending the comment period for the brokered deposits-
related proposed rule from October 22, 2024, to November 21, 2024.
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    \1\ 89 FR 68244.
    \2\ 12 U.S.C. 1831f.

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    Federal Deposit Insurance Corporation.

    Dated at Washington, DC, on October 8, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-23631 Filed 10-10-24; 8:45 am]
BILLING CODE 6714-01-P


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