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"Core" Deposit Relationship-Uninsured Deposits

Answered by: 

Question: 
If a bank has a "core" deposit relationship with a customer and sends their uninsured deposits to CDARS in order to keep the relationship in house, are the CDARS deposits of that core depositor still considered "brokered" deposits?
Answer: 

by Randy Carey:

They would be for the banks to which you have brokered out the deposits. They won't appear anywhere on your books.

Answer: 

by Brian Crow:

If your institution utilizes "reciprocal deposits" from CDARS where your institutions receives funds equal to your depositors funds from other participating banks, then these funds would be considered brokered deposits for your institution.

First published on 10/29/2017

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