US HB3234

Amends the Federal Deposit Insurance Act to create a tiered system for reciprocal deposits exempt from deposit broker rules: 50% of liabilities up to $1 billion, 40% of liabilities between $1-10 billion, and 30% of liabilities between $10-250 billion

Expands eligibility for agent institution status to include banks with CAMELS ratings of 1, 2, or 3 (previously more restrictive)

Requires the FDIC, in consultation with the Federal Reserve, to conduct a study on reciprocal deposit performance since 2018, including usage patterns by institution size and during periods of stress

Mandates the FDIC to report findings to the House Financial Services Committee and Senate Banking Committee within 6 months of enactment