FDIC Deposit Rule Gives Banks More Room for Business Cash
For banks seeking a larger share of their commercial customers’ operating cash, new federal deposit rules may help those efforts. The Federal Deposit Insurance Corp.’s interim final rule, adopted Aug. 27 and effective Tuesday (Sept. 1), substantially increases the amount of reciprocal deposits that qualifying banks can
For banks seeking a larger share of their commercial customers’ operating cash, new federal deposit rules may help those efforts. The Federal Deposit Insurance Corp.’s interim final rule, adopted Aug. 27 and effective Tuesday (Sept. 1), substantially increases the amount of reciprocal deposits that qualifying banks can
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