NBID Network Update: June 2026
The NBID network continued its rapid expansion in June and now has 742 total banks in the network with 252 fully onboarded. In June, NBID welcomed 87 new banks and activated 22 new members. Across 1H26 as a whole, NBID welcomed 358 new banks and activated 151 new members. Here's your monthly snapshot of network activity and market developments.
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*Percent increase since May 2026 Network Update
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Depositor Portal Improvements
In June, we rolled out the first of a series of improvements to the Depositor Portal: MFA configurability, allowing for enhanced security of the Depositor Portal, as determined by each individual NBID member. Coming this month, banks will also be able to configure Depositor Portal branding elements like logos, color scheme, and portal URLs, further solidifying NBID's founding mission that Insured Sweep Accounts belong to the institutions that power them. |
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21st Century ROAD to Housing Act Passes Congress; Awaits Trump's Signature
On June 21–22, 2026, Congress passed the 21st Century ROAD to Housing Act, with the Senate voting 85–5 and the House voting 358–32. This is the largest housing affordability package in decades. The bill replaces the flat cap on reciprocal deposits, the lesser of 20% of total liabilities or $5 billion, with a tiered schedule letting banks treat reciprocal deposits as non-brokered funding at 50% of liabilities up to $1 billion, 40% from $1 billion to $10 billion, and 30% from $10 billion to roughly $96 billion, while widening eligibility to well-capitalized banks rated CAMELS 1, 2, or 3. It separately lets well-capitalized banks under $10 billion in assets treat custodial deposits, including those sourced through NBID, as core funding for the first time. President Trump canceled a planned signing ceremony on June 23 and said he would withhold his signature until Congress passes the SAVE America Act. The bill was presented to him on June 29, and he has 10 days, excluding Sundays, to sign or veto it, or it becomes law automatically. |
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Fed Holds Rates Steady in Warsh's First Meeting; Cut Outlook Dropped
On June 17, 2026, the Federal Open Market Committee held its benchmark rate steady in a 3.5% to 3.75% range in Kevin Warsh's first meeting as chair. The vote was unanimous. The post-meeting statement was cut to roughly 130 words, down from 341 in April, and dropped language pointing toward future cuts. The updated dot plot removed the prior outlook for a 2026 rate cut, with nine of 18 members now projecting a hike before year-end. Warsh declined to submit his own economic projections and said he is forming task forces to overhaul Fed operations. |
Two new success stories
We're excited to share our newest success stories featuring First National Bank of Oklahoma and Liberty Bank of New Jersey. The respective success stories focus on a seamless reciprocal transition with NBID and using the platform to win government deposits on day one. |
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A couple of snapshots from our time on the road this month.
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NBID is on the road this July. If you will be at the below, we would love to connect.
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*NBID LLC is not a bank. Deposit insurance covers the failure of insured institutions, not NBID. Deposits are placed at FDIC-insured network institutions and are eligible for pass-through insurance up to $250,000 per institution. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply. A list of participating banks appears at https://www.nbid.com/bank-list.
† As of 2026 Q1 FFIEC Call Reports.
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