,,ii  #aae? ,,congress  #a/ ,session    
,s4 #aejj  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #bi1 #bjag,mr4   
,w>n] 7= himself1 ,mr4 ,moran1 ,ms4     
,heitkamp1 ,mr4 ,p]due1 ,mr4 ,m55dez1   
,mr4 ,boozman1 & ,mr4 ,van ,holl57      
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 ,%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[+3  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#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 ,section #bi ( ! ,f$]al      
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahca;f7 is am5d$ by /rik+ subsection   
7e7 & ins]t+ ! foll[+3  7e7 ,re/riction 
on int]e/ rate paid  7#a7 ,def9ition ,9 
?is subsection1 ! t]m cov]$ insur$      
depository in/itution means an insur$   
depository in/itution t-- 7,a7 "u       
subsection 7c7 or 7d71 accepts funds    
obta9$1 directly or indirectly1 by or   
?r\gh a deposit brok]2 or  7,b7 :ile    
act+ z an ag5t in/itution "u subsection 
7i71 accepts reciprocal deposits 7z     
def9$ 9 su* subsection7 :ile n well     
capitaliz$ 7z def9$ 9 section           
#ch7;b77#a774  7#b7 ,prohibition ,a     
cov]$ insur$ depository in/itution may n

 pay a rate ( int]e/ on funds or        
reciprocal deposits describ$ 9 p>agraph 
7#a7 t1 at ! "t t ! funds or reciprocal 
deposits are accept$1 significantly     
exce$s ! limit set =? 9 p>agraph 7#c74  
7#c7 ,limit on int]e/ rates ,! limit on 
! rate ( int]e/ ref]r$ to 9 p>agraph    
7#b7 %all be-- 7,a7 ! rate paid on      
deposits ( simil> maturity 9 ! normal   
m>ket area ( ! cov]$ insur$ depository  
in/itution = deposits accept$ 9 ! normal
 m>ket area ( ! cov]$ insur$ depository 
in/itution2 or  7,b7 ! national rate    
paid on deposits ( comp>able maturity1 z
 e/abli%$ by ! ,corporation1 = deposits 
accept$ outside ! normal m>ket area ( ! 
cov]$ insur$ depository in/itution4  4