Source: http://uscode.house.gov/view.xhtml?req=(title:12%20section:1831f%20edition:prelim)
Timestamp: 2019-04-19 18:44:51+00:00

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An insured depository institution that is not well capitalized may not accept funds obtained, directly or indirectly, by or through any deposit broker for deposit into 1 or more deposit accounts.
Any renewal of an account in any troubled institution and any rollover of any amount on deposit in any such account shall be treated as an acceptance of funds by such troubled institution for purposes of subsection (a).
The Corporation may, on a case-by-case basis and upon application by an insured depository institution which is adequately capitalized (but not well capitalized), waive the applicability of subsection (a) upon a finding that the acceptance of such deposits does not constitute an unsafe or unsound practice with respect to such institution.
A covered insured depository institution may not pay a rate of interest on funds or reciprocal deposits described in paragraph (1) that, at the time that the funds or reciprocal deposits are accepted, significantly exceeds the limit set forth in paragraph (3).
The Corporation may impose, by regulation or order, such additional restrictions on the acceptance of brokered deposits by any institution as the Corporation may determine to be appropriate.
Notwithstanding paragraph (2), the term "deposit broker" includes any insured depository institution that is not well capitalized (as defined in section 1831o of this title), and any employee of such institution, which engages, directly or indirectly, in the solicitation of deposits by offering rates of interest which are significantly higher than the prevailing rates of interest on deposits offered by other insured depository institutions in such depository institution's normal market area.
The term "deposit placement network" means a network in which an insured depository institution participates, together with other insured depository institutions, for the processing and receipt of reciprocal deposits.
The term "network member bank" means an insured depository institution that is a member of a deposit placement network.
The term "reciprocal deposits" means deposits received by an agent institution through a deposit placement network with the same maturity (if any) and in the same aggregate amount as covered deposits placed by the agent institution in other network member banks.
The term "well capitalized" has the meaning given the term in section 1831o(b)(1) of this title.
"(2) the national rate paid on deposits of comparable maturity, as established by the Corporation, for deposits accepted outside the institution's normal market area."
Subsec. (i). Pub. L. 115–174, §202(a), added subsec. (i).
1994-Subsec. (g)(3). Pub. L. 103–325 inserted "that is not well capitalized (as defined in section 1831o of this title)" after "includes any insured depository institution", substituted "of such institution" for "of any insured depository institution", and struck out "(with respect to such deposits)" after "offering rates of interest" and "having the same type of charter" after "other insured depository institutions".
1992-Subsec. (a). Pub. L. 102–550, §1605(a)(1)(A), substituted "An insured" for "A insured".
Subsec. (c). Pub. L. 102–550, §1605(a)(1)(B), substituted "capitalized (but not well capitalized)" for "capitalized".
1991-Subsec. (a). Pub. L. 102–242, §301(a)(1), substituted "insured depository institution that is not well capitalized" for "troubled institution".
Subsec. (c). Pub. L. 102–242, §301(a)(2), substituted "insured depository institution which is adequately capitalized" for "insured depositary institution".
"(B) is consistent with the conservator's fiduciary duty to minimize the losses of the institution."
Subsecs. (e) to (h). Pub. L. 102–242, §301(a)(4)–(6), (c), added subsec. (e), redesignated former subsec. (e) as (f) and struck out "troubled" before "institution as the", redesignated former subsecs. (f) and (g) as (g) and (h), respectively, added subsec. (h), and struck out former subsec. (h), as previously redesignated, which defined "troubled institution".
Pub. L. 101–73, title II, §224(b), Aug. 9, 1989, 103 Stat. 275 , provided that: "The amendment made by subsection (a) [enacting this section] shall apply to deposits accepted after the end of the 120-day period beginning on the date of the enactment of this Act [Aug. 9, 1989]."
Pub. L. 102–242, title III, §301(d), Dec. 19, 1991, 105 Stat. 2345 , provided that: "The Corporation shall promulgate final regulations to carry out the amendments made under subsections (a), (b), and (c) [enacting section 1831f–1 of this title and amending this section] not later than 150 days after the date of enactment of this Act [Dec. 19, 1991], and those regulations shall become effective not later than 180 days after that date of enactment, except that such regulations shall not apply to any specific time deposit made before that date of enactment until the stated maturity of the time deposit."

References: §202
 §1605
 §1605
 §301
 §301
 §301
 §224
 §301