Reciprocal Deposits: Implementing the 21st Century ROAD to Housing Act
Key claim: The FDIC is updating its brokered-deposit rules so banks treat reciprocal deposits (deposits swapped among banks so customers get more FDIC insurance) as the new housing law requires, and it is asking the public to comment on that update.
Abstract
(Rule · Federal Deposit Insurance Corporation) The Federal Deposit Insurance Corporation (FDIC) is amending its brokered deposit regulations to conform with recent changes to section 29 of the Federal Deposit Insurance Act made by section 902 of the 21st Century ROAD to Housing Act related to reciprocal deposits, which took effect on July 11, 2026. The FDIC is also providing certain clarifications regarding the reciprocal deposit framework to facilitate and simplify compliance. The FDIC invites public comment on this interim final rule.
Why this matters
Reciprocal deposit networks let banks give customers FDIC coverage above the $250K cap by swapping deposits with other institutions, and their classification as ‘brokered’ vs. ‘core’ affects deposit insurance assessments, liquidity treatment, and examiner scrutiny. By conforming FDIC rules to the ROAD to Housing Act’s statutory changes, this action expands the practical usability of reciprocal deposits for community banks funding local lending, while leaving room for public comment on compliance mechanics.