Brokered Deposits definition

Brokered Deposits means all Deposits that have been placed through a broker or other intermediary for which HRB Bank has incurred liability for payment of a commission or other remuneration to such broker or intermediary.

Brokered Deposits means (a) “brokered deposits” within the meaning of 12 C.F.R. § 337.6 and (b) deposits that are of the type having risk characteristics similar to “brokered deposits” as contemplated by the Joint Agency Advisory on Brokered and Rate Sensitive Deposits, dated May 11, 2001, of the Board of Governors of the Federal Reserve System, FDIC, Office of the Comptroller of the Currency and OTS.

Brokered Deposits means deposit account obligations originated by third party financial institutions (not Seller) that are sold by such institutions to brokers who in turn sell such deposit account obligations to third parties (such as Seller).

Examples of Brokered Deposits in a sentence

• The FDIC separates brokered deposit accounts into 2 categories: 1) Depository Organization (DO) Brokered Deposits and 2) Non-Depository Organization (Non-DO) Brokered Deposits.

• Non-DO Brokered Deposits pass to the Assuming Bank, but are excluded from Assumed Deposits when the deposit premium is calculated.

• Brokered Deposits: Brokered deposits represent funds which the reporting bank obtains, directly or indirectly, by or through any deposit broker for deposit into one or more deposit accounts.

• DO Brokered Deposits (Cede & Co as Nominee for DTC), are typically excluded from Assumed Deposits in the P&A transaction.

• I Brokered Deposits Brokered deposit accounts are accounts for which the “depositor of record” is an agent, nominee, or custodian who deposits funds for a principal or principals to whom “pass-through” deposit insurance coverage may be extended.

More Definitions of Brokered Deposits

Brokered Deposits means (a) "brokered deposits" within the meaning of 12 C.F.R. Section 337.6 and (b) deposits that are of the type having risk characteristics similar to "brokered deposits" as contemplated by the Joint Agency Advisory on Brokered and Rate Sensitive Deposits, dated May 11, 2001, of the Board of Governors of the Federal Reserve System, FDIC, OCC and Office of Thrift Supervision.

Brokered Deposits means any deposit as defined as a brokered deposit under Section 29 of the Federal Deposit Insurance Act as implemented by FDIC regulation Section 337.6. Brokered Deposits does not include internet deposits or deposits from deposit originators.

Brokered Deposits has the meaning ascribed to such term in Section 8.1(m).

Brokered Deposits means “brokered deposits” within the meaning of 12 C.F.R. 5337.6.

Brokered Deposits means any brokered deposit as defined in ss. 337.6 of the FDIC Rules and Regulations.

Brokered Deposits means all Deposits of SBM and SBL for which SBM or SBL have paid a commission or an interest rate substantially above that paid by SBM or SBL to the general depositors of SBM or SBL, respectively.

Brokered Deposits means those Deposit Liabilities which were obtained by Seller from brokers pursuant to agreements which provided for such brokers to purchase (or act as agent for their customers in purchasing) certificates of deposit for their customers from Seller from time to time.