Community Bank Deposit Access Act of 2025
In committeeCommunity Bank Deposit Access Act of 2025 This bill changes the treatment of certain types of deposits so they are no longer classified as brokered deposits. Brokered deposits are funds placed by a broker on behalf of a client in a depository institution to maximize interest rates and for depository insurance purposes. Currently, institutions that accept brokered deposits may be subject to additional oversight. In particular, under the bill, custodial deposits at insured depository institutions with less than $10 billion in total assets shall not be treated as brokered deposits if the deposits do not exceed 20% of the institution’s liabilities. The institution must be well-capitalized and have a specified minimum soundness rating, or be in possession of a waiver from the Federal Deposit Insurance Corporation. The bill also generally applies existing interest rate limits applicable to institutions that are not well-capitalized to similar institutions that accept custodial deposits.
May 21, 2026Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Passed
The Community Bank Deposit Access Act of 2025 amends the Federal Deposit Insurance Act to exclude certain custodial deposits from being classified as brokered deposits, provided they do not exceed 20% of an institution's total liabilities. It aims to support smaller, well-capitalized banks by easing restrictions on custodial deposits, with specific definitions and conditions outlined for eligibility.