119-s2757

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2757 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 2757

 To amend the Federal Deposit Insurance Act to modify the amount of 
 reciprocal deposits of an insured depository institution that are not 
considered to be funds obtained by or through a deposit broker, and for 
 other purposes.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 September 10, 2025

Mr. Rounds (for himself and Mr. Warner) introduced the following bill; 
which was read twice and referred to the Committee on Banking, Housing, 
 and Urban Affairs

_______________________________________________________________________

 A BILL

 To amend the Federal Deposit Insurance Act to modify the amount of 
 reciprocal deposits of an insured depository institution that are not 
considered to be funds obtained by or through a deposit broker, and for 
 other purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Keeping Deposits Local Act''.

SEC. 2. AMOUNT OF RECIPROCAL DEPOSITS THAT ARE NOT CONSIDERED TO BE 
 FUNDS OBTAINED BY OR THROUGH A DEPOSIT BROKER.

 

Section 29
            (i) of the Federal Deposit Insurance Act (12 U.S.C. 
1831f
            (i) ) is amended by striking paragraph

    (1) and inserting the 
following:
 ``

    (1) In general.--The sum of the following amounts of 
 reciprocal deposits of an agent institution shall not be 
 considered to be funds obtained, directly or indirectly, by or 
 through a deposit broker:
 ``
        (A) An amount equal to 50 percent of the portion 
 of the total liabilities of the agent institution that 
 is not more than $1,000,000,000.
 ``
        (B) An amount equal to 40 percent of the portion, 
 if any, of the total liabilities of the agent 
 institution that is more than $1,000,000,000, but not 
 more than $10,000,000,000.
 ``
            (C) An amount equal to 30 percent of the portion, 
 if any, of the total liabilities of the agent 
 institution that is more than $10,000,000,000, but not 
 more than $250,000,000,000.
 ``
            (D) An amount equal to 20 percent of the portion, 
 if any, of the total liabilities of the agent 
 institution that is more than $250,000,000,000, but not 
 more than $1,000,000,000,000.
 ``
        (E) An amount equal to 2 percent of the portion, 
 if any, of the total liabilities of the agent 
 institution that is more than $1,000,000,000,000.''.

SEC. 3. DEFINITION OF AGENT INSTITUTION.

 

Section 29
            (i) (2)
        (A)
            (i) 
            (I) of the Federal Deposit Insurance Act (12 
U.S.C. 1831f
            (i) (2)
        (A)
            (i) 
            (I) ) is amended by striking ``found to have a 
composite condition of outstanding or good'' and inserting ``assigned a 
CAMELS rating of 1, 2, or 3''.
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