,,ii  #aad? ,,congress  #b;d ,session   
,s4 #ccgc  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,septemb] #ba1         
#bjaf,mr4 ,w>n] 7= himself & ,mr4       
,moran7 introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,f$]al ,deposit      
,insurance ,act to ensure t ! reciprocal
 deposits ( an insur$ depository        
in/itution are n consid]$ to be funds   
obta9$ by or ?r\gh a deposit brok]1 & = 
o!r purposes4  #a4 ,limit$ exception =  
reciprocal deposits  7a7 ,9 g5]al       
,section #bi ( ! ,f$]al ,deposit        
,insurance ,act 7#ab ,u4,s4,c4 #ahca;f7 
is am5d$ by add+ at ! end ! foll[+3  7i7
 ,limit$ exception = reciprocal deposits
  7#a7 ,def9itions ,9 ?is subsection3   
7,a7 ,ag5t in/itution ,! t]m ag5t       
in/itution means an insur$ depository   
in/itution t places a cov]$ deposit     
?r\gh a deposit placem5t network at o!r 
insur$ depository in/itutions 9 am\nts t
 are less ?an or equal to ! /&>d maximum

 deposit insurance am\nt1 specify+ !    
int]e/ rate to be paid = su* am\nts1 if 
! ag5t in/itution--  7i7 7,i7 :5 mo/    
rec5tly exam9$ "u section #aj7;d7 0 f\nd
 to h a composite condition ( out/&+ or 
good2 &  7,,ii7 is well capitaliz$ 7z   
def9$ 9 section #ch7;b772  7ii7 has     
obta9$ a waiv] pursuant to subsection   
7c72 or  7iii7 does n receive an am\nt (
 reciprocal deposits t causes ! total   
am\nt ( reciprocal deposits held by !   
ag5t in/itution to be great] ?an !      
av]age ( ! total am\nt ( reciprocal     
deposits held by ! ag5t in/itution on ! 
la/ day ( ea* ( ! #d cal5d> qu>t]s      
prec$+ ! cal5d> qu>t] 9 :i* ! ag5t      
in/itution 0 f\nd n to h a composite    
condition ( out/&+ or good or 0 det]m9$ 
to be n well capitaliz$4  7,b7 ,cov]$   
deposit ,! t]m cov]$ deposit means a    
deposit t-- 7i7 is submitt$ = placem5t  
?r\gh a deposit placem5t network by an  
ag5t in/itution2 &  7ii7 does n consi/ (
 funds t 7 obta9$ = ! ag5t in/itution1  
directly or indirectly1 by or ?r\gh a   

deposit brok] be=e submission = placem5t
 ?r\gh a deposit placem5t network4  7,c7
 ,deposit placem5t network ,! t]m       
deposit placem5t network means a network
 9 :i* an insur$ depository in/itution  
p>ticipates1 toge!r ) o!r insur$        
depository in/itutions1 = ! process+ &  
receipt ( reciprocal deposits4  7,d7    
,network memb] bank ,! t]m network memb]
 bank means an insur$ depository        
in/itution t is a memb] ( a deposit     
placem5t network4  7,e7 ,reciprocal     
deposits ,! t]m reciprocal deposits     
means deposits receiv$ by an ag5t       
in/itution ?r\gh a deposit placem5t     
network ) ! same maturity 7if any7 & 9 !
 same aggregate am\nt z cov]$ deposits  
plac$ by ! ag5t in/itution 9 o!r network
 memb] banks4  7#b7 ,consid]ation (     
reciprocal deposits ,reciprocal deposits
 ( an insur$ depository in/itution %all 
n be consid]$ to be funds obta9$1       
directly or indirectly1 by or ?r\gh a   
deposit brok] to ! ext5t t ! total am\nt
 ( su* reciprocal deposits does n exce$ 

! less] (--  7,a7 #aj1jjj1jjj1jjj2 or   
7,b7 an am\nt equal to #bj p]c5t ( !    
total liabilities ( ! insur$ depository 
in/itution4  7#c7 ,rule ( con/ruction   
,no?+ 9 ?is subsection %all be con/ru$  
to limit ! au?ority ( ! corporation to  
require1 on a case-by-case basis1 t an  
ag5t in/itution t is less ?an adequately
 capitaliz$ 7z def9$ 9 section #ch7;b77 
n accept p>ticul> types ( deposits ^u   
f9d+ t ! acceptance ( su* deposits      
con/itutes an unsafe or uns\nd practice 
) respect to su* in/itution4  4  7b7    
,applicability ,no?+ 9 ! am5dm5ts made  
by ?is ,act %all be con/ru$ to limit !  
application ( any provision ( ! ,f$]al  
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahaa et seq471 o!r ?an section #bi ( t 
,act 7#ab ,u4,s4,c4 #ahca;f71 to an     
insur$ depository in/itution 7z def9$ 9 
section #c ( t ,act 7#ab ,u4,s4,c4      
#ahac774