; and (ii) does not consist of funds that were obtained for the agent institution, directly or indirectly, by or through a deposit broker before submission for placement through a deposit placement network. (C) Deposit placement network The term deposit placement network means a network in which an insured depository institution participates, together with other insured depository institutions, for the processing and receipt of reciprocal deposits. (D) Network member bank The term network member bank means an insured depository institution that is a member of a deposit placement network. (E) Reciprocal deposits The term reciprocal deposits means deposits received by an agent institution through a deposit placement network with the same maturity (if any) and in the same aggregate amount as covered deposits placed by the agent institution in other network member banks. . (b) Interest rate restriction Subsection (e) of section 29 of the Federal Deposit Insurance Act ( 12 U.S.C. 1831f(e) ) is amended to read as follows: (e) Restriction on interest rate paid (1) In general An insured depository institution that— (A) under subsection (c) or (d), accepts funds obtained, directly or indirectly, by or through a deposit broker, or (B) while acting as an agent institution under subsection (i), accepts reciprocal deposits (as defined in such subsection) while not well capitalized (as defined in section 38(b)(1)(A)), may not pay a rate of interest on such funds or reciprocal deposits which, at the time that such funds or reciprocal deposits are accepted, significantly exceeds the limit set forth in paragraph (2). (2) Limit on interest rates The limit on the rate of interest referred to in paragraph (1) shall be— (A) the rate paid on deposits of similar maturity in such institution's normal market area for deposits accepted in the institution's normal market area