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PRESCIENT ASSET MANAGEMENT FDIC Local Listing Broker Request for Information Overview: Prescient Asset Management has been awarded a national contract to represent the Federal Deposit Insurance Corporation

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What is fdic llb broker application?

The FDIC LLB (Limited Liability Broker) application is a form that certain qualified financial institutions must file with the FDIC in order to obtain brokered deposit broker exemptions.

Who is required to file fdic llb broker application?

Financial institutions that meet the criteria outlined by the FDIC are required to file the LLB broker application. These institutions include banks, savings associations, and credit unions that engage in brokered deposit activities.

How to fill out fdic llb broker application?

The FDIC LLB broker application can be filled out online using the FDIC's secure website. The application requires the financial institution to provide information about its business activities, banking licenses, and details about its brokered deposit activities.

What is the purpose of fdic llb broker application?

The purpose of the FDIC LLB broker application is to enable financial institutions to request exemptions from certain brokered deposit restrictions. The application helps the FDIC assess whether the institution meets the requirements for the exemptions.

What information must be reported on fdic llb broker application?

The FDIC LLB broker application requires financial institutions to report information such as the institution's name, address, primary federal regulator, and details about its brokered deposit activities. The application also requires the institution to provide supporting documents and certifications.

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