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reciprocal deposits

Defined in 1 dictionary — U.S. Code

United States Code

12 U.S.C. § 1831F — in this section

the terms “agent institution”, “reciprocal deposits”, and “well capitalized” have the meanings given those terms in subsection (i); and

12 U.S.C. § 1831F — in this section

The term “reciprocal deposits” means deposits received by an agent institution through a deposit placement network with the same maturity (if any) and in the same aggregate amount as covered deposits placed by the agent institution in other network member banks.

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