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1Scan for outdated or missing drivers - takes under a minute2Clear out junk files and repair common Windows errors3Fix the driver behind crashes, sound loss and screen glitchesThe FDIC’s 2026 interim final rule implements statutory changes that expand the reciprocal-deposit cap for eligible agent institutions and broaden one route to qualifying as an agent institution. The new cap uses a tiered calculation based on total liabilities and can reach $30 billion. The underlying amendments took effect July 11, 2026; the rule’s comment deadline was October 1, 2026.
What reciprocal deposits and the agent-institution exception do
Reciprocal deposits are funds placed through arrangements in which participating banks exchange deposits with one another. The statutory exception lets a qualifying agent institution exclude a permitted amount of reciprocal deposits from brokered-deposit treatment. The 2026 changes alter the general cap and one part of the eligibility test; they do not eliminate the need to qualify as an agent institution.
How the new reciprocal-deposit cap is calculated
Under the amended general cap, the eligible amount is calculated progressively across liability tiers. Each percentage applies only to the portion of total liabilities within that tier, rather than to the institution’s entire liability balance.
| Total-liability portion | Rate applied to that portion |
|---|---|
| Up to $1 billion | 50% |
| Above $1 billion through $10 billion | 40% |
| Above $10 billion through $96.333 billion | 30% |
| Liabilities above $96.333 billion | No additional amount; the overall cap is $30 billion |
The FDIC says it will continue to calculate the cap using Call Report data. Its example for an institution with $25 billion in total liabilities produces an $8.6 billion general cap: (50% × $1 billion) + (40% × $9 billion) + (30% × $15 billion). These are statutory thresholds and a regulator’s worked calculation, not reported evidence of economic effects. FDIC rule, Federal Register.
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How this compares with the prior cap
Before the statutory amendment, the general cap for qualifying well-capitalized and well-rated institutions was the lesser of 20% of total liabilities or $5 billion. The new tiered formula can reach $30 billion, subject to the applicable provisions and the institution’s eligibility. FDIC 2018 rule.
Which institutions can qualify as agent institutions
The first statutory eligibility prong now includes an institution with a CAMELS composite rating of 1, 2, or 3 at its most recent examination, or an equivalent rating under a comparable rating system. The institution must also be well capitalized. The other two statutory prongs remain unchanged; the rating change alone does not establish eligibility.
The FDIC’s rule implements these statutory amendments through Part 337 and includes additional clarifications intended to simplify compliance. The governing statute is section 902 of the 21st Century ROAD to Housing Act, which took effect July 11, 2026. FDIC interim final rule.
What banks should check for September 2026 Call Report reporting
The rule said the FFIEC would issue supplemental instructions for the September 30, 2026 Call Report so institutions could report brokered and reciprocal deposits consistently with the amended law. It anticipated conforming Call Report instructions by December 31, 2026, said no new Call Report line items would be needed, and anticipated working through the FFIEC to make Schedule RC-O, item 9 (brokered reciprocal deposits) confidential. Those statements described expected implementation, not confirmation that each step was later finalized.
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- Check the current FFIEC Call Report instructions for the applicable reporting period before classifying or submitting reciprocal-deposit amounts.
- Apply the new liability-tier calculation using the institution’s relevant Call Report data, while separately confirming that the institution satisfies the agent-institution requirements.
- Use the latest official instructions and applicable FDIC requirements for operational decisions; do not assume the rule’s anticipated reporting details remained unchanged.
The Federal Register notice was published September 1, 2026, and invited comments through October 1, 2026. That comment period has passed as of October 3, 2026. Federal Register notice.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What the ABA welcomed—and what the rule does not establish
The American Bankers Association welcomed the clarifications, describing reciprocal deposits as an important source of stable, diversified funding for many member banks. The ABA also said these arrangements can help banks retain customer relationships while giving depositors expanded deposit-insurance coverage through a single banking relationship. Those are the association’s stated views; its coverage does not report measured outcomes establishing that the rule has produced those effects.
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The ABA framed the rule as a possible first step toward broader reconsideration of Federal Deposit Insurance Act Section 29, which governs brokered deposits. That is an advocacy position, not a change made by this rule. ABA Banking Journal coverage.
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