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United States · Bill · S

S. 398 (101st)

Brokered Deposits Act of 1988

referredUnited States· United States Congress· EN

Introduced

9 February 1989

Last action

9 February 1989 · Introduced

Status

Read twice and referred to the Committee on Banking.

Sponsors

Sen. Murkowski, Frank H. [R-AK]

Subjects

Discovery layer

Source updated

26 August 2025

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Summary

Brokered Deposits Act of 1988 - Amends the Federal Deposit Insurance Act and the National Housing Act to limit to $100,000 in the aggregate the deposit insurance for: (1) funds owned by a principal and deposited in a troubled institution into one or more deposit accounts in the name or names of agents or nominees; and (2) funds deposited in a troubled institution into one or more deposit accounts by or through a deposit broker. Specifies that such limitations shall not apply to any account opened before the effective date of this Act. Defines "troubled institution" as a financial institution entitled to deposit insurance which does not meet its minimum capital requirements as determined by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 9 February 1989

    Introduced

    Read twice and referred to the Committee on Banking.

    Source: IntroReferral

  2. 9 February 1989

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

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Versions

Documents

2 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN

    ViewDownloadOpen at official source

  • Introduced in Senate

    summary · EN · 9 February 1989

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

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Sources

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