Hello! Are any of you changing the definition of a jumbo CD (for pricing purposes) from $100,000 to $250,000 due to the changes in Call Reporting requirements?
If so, how are you handling all existing CDs that are currently considered "jumbo"?

Thanks!
Twana

I'm not sure what pricing has to do with call reporting. Banks can price their CDs in any manner that they choose.

Thank you. However, my question isn't really about pricing...are banks opening brand new CD types to accommodate the new call reporting requirements (reporting on CDs over $250,000) or are they changing their definition of "jumbo" for any/all purposes from $100,000 to $250,000?

Thanks again,
Twana