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Support for Local Banks: New Reciprocal Deposit Rules

This act aims to make it easier for smaller banks to manage deposits, potentially leading to greater financial stability for local institutions. This could increase citizens' trust in their local banks and their ability to handle savings. These changes may also impact the availability of loans and financial services in smaller communities.
Key points
Increases the limit on reciprocal deposits not considered brokered, giving banks more flexibility.
Helps smaller banks maintain financial liquidity, potentially supporting local economies.
Modifies bank rating criteria, which may affect how they are supervised.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2757
Sponsor: Sen. Rounds, Mike [R-SD]
Process start date: 2025-09-10
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Keeping Deposits Local Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_2757.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-09-10.

What are the main provisions?

Key points include:

  • Increases the limit on reciprocal deposits not considered brokered, giving banks more flexibility.
  • Helps smaller banks maintain financial liquidity, potentially supporting local economies.
  • Modifies bank rating criteria, which may affect how they are supervised.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Rounds, Mike [R-SD].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy