reciprocal deposits
Defined in 1 place of the United States Code.
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.
Source
- 2018–present12 U.S.C. § 1831FBanks and Banking · Brokered deposits · in this section
the terms “agent institution”, “reciprocal deposits”, and “well capitalized” have the meanings given those terms in subsection (i); and
Source
- 2018–present12 U.S.C. § 1831FBanks and Banking · Brokered deposits · in this section