,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #bdjc  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,may #h1 #bjag,ms4    
,moore 7= h]self1 ,mr4 ,emm]1 ,ms4      
,max9e ,wat]s ( ,cali=nia1 ,mrs4 ,c>olyn
 ,b4 ,maloney ( ,new ,york1 ,mr4 ,meeks1
 ,mr4 ,heck1 ,mr4 ,pocan1 ,mr4 ,clay1   
,mr4 ,cleav]1 ,ms4 ,s9ema1 ,mr4 ,/iv]s1 
,mr4 ,pitt5g]1 ,mr4 ,mess]1 ,mr4 ,zeld91
 ,mr4 ,huiz5ga1 ,mr4 ,hill1 & ,mr4      
,lucas7 introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,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 ,%ort     
title ,?is ,act may be cit$ z ! ,keep+  
,capital ,local = ,und]s]v$ ,communities
 ,act ( #bjag4  #b4 ,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[+ new  

subsection3  7i7 ,limit$ exception =    
reciprocal deposits  7#a7 ,9 g5]al      
,reciprocal deposits ( an ag5t          
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 ( ! 
ag5t in/itution4  7#b7 ,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;b77#a77;,a772  7ii7 has obta9$ a   

waiv] pursuant to subsection 7c7 ( ?is  
section2 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  4  7b7 ,int]e/ rate      
re/riction ,subsection 7e7 ( section #bi
 ( ! ,f$]al ,deposit ,insurance ,act    
7#ab ,u4,s4,c4 #ahca;f7e77 is am5d$ to  
read z foll[s3  7e7 ,re/riction on      
int]e/ rate paid  7#a7 ,9 g5]al ,an     
insur$ depository in/itution t-- 7,a7 "u
 subsection 7c7 or 7d71 accepts funds   
obta9$1 directly or indirectly1 by or   
?r\gh a deposit brok]1 or  7,b7 :ile    
act+ z an ag5t in/itution "u subsection 
7i71 accepts reciprocal deposits 7z     
def9$ 9 su* subsection7 :ile n well     
capitaliz$ 7z def9$ 9 section           

#ch7;b77#a77;,a771  may n pay a rate (  
int]e/ on su* funds or reciprocal       
deposits :i*1 at ! "t t su* funds or    
reciprocal deposits are accept$1        
significantly exce$s ! limit set =? 9   
p>agraph 7#b74  7#b7 ,limit on int]e/   
rates ,! limit on ! rate ( int]e/ ref]r$
 to 9 p>agraph 7#a7 %all be--  7,a7 !   
rate paid on deposits ( simil> maturity 
9 su* in/itution's normal m>ket area =  
deposits accept$ 9 ! in/itution's normal
 m>ket area2 or  7,b7 ! national rate   
paid on deposits ( comp>able maturity1 z
 e/abli%$ by ! ,corporation1 = deposits 
accept$ outside ! in/itution's normal   
m>ket area4  4