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What is a Core Deposit and Why Does it Matter? Legislative and Regulatory Actions Regarding FDIC-Insured Bank Deposits Pursuant to the Dodd-Frank Act

Networks Financial Institute Working Paper No. 2011-WP-14

18 Pages Posted: 4 Jun 2011 Last revised: 19 Jul 2011

Richard Christopher Whalen

Economic Advisory Committee of FINRA; Indiana State University - Networks Financial Institute; Association of Private Enterprise Education (APEE); National Association of Business Economists (NABE)

Date Written: June 1, 2011

Abstract

The paper looks at the changes in the Federal Deposit Insurance Corporation assessment process since the passage of the Dodd-Frank legislation. It outlines some of the changes made to the insurance premium rates as well as the calculation of the deposit assessment base, and examines how the burden of payment is now more equitably distributed between large and small banks. The paper also examines the issue of core vs. brokered deposits. The author discusses the rule making process regarding brokered deposits in 2010 and 2011 from a firsthand perspective and also comments on the public information gathering process mandated by the Dodd-Frank law with respect to brokered deposits.

Keywords: FDIC, Dodd-Frank, deposit insurance, brokered deposits

Suggested Citation

Whalen, Richard Christopher, What is a Core Deposit and Why Does it Matter? Legislative and Regulatory Actions Regarding FDIC-Insured Bank Deposits Pursuant to the Dodd-Frank Act (June 1, 2011). Networks Financial Institute Working Paper No. 2011-WP-14. Available at SSRN: https://ssrn.com/abstract=1857121 or http://dx.doi.org/10.2139/ssrn.1857121

Richard Christopher Whalen (Contact Author)

Economic Advisory Committee of FINRA ( email )

1735 K Street NW
Washington, DC 20006
United States

HOME PAGE: http://tinyurl.com/2bne6p

Indiana State University - Networks Financial Institute ( email )

Terre Haute, IN 47809
United States

HOME PAGE: http://tinyurl.com/4ckcoxo

Association of Private Enterprise Education (APEE) ( email )

313 Fletcher Hall, Dept. 6106
615 McCallie Avenue
Chattanooga, TN 37403-2598
United States

HOME PAGE: http://https://www.apee.org/

National Association of Business Economists (NABE) ( email )

1920 L St. NW, Suite 300
Washington, DC 20036
United States

HOME PAGE: http://www.nabe.com

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