This act modifies the Federal Deposit Insurance Act. It changes the portion of reciprocal deposits that are exempt from being considered funds obtained by deposit brokers for certain agent institutions. The act also amends the definition of agent institution and requires a study on reciprocal deposits, including their performance, usage, and comparison to other deposit arrangements. Additionally, it reduces the discretionary surplus fund specified under the Federal Reserve Act. The amendment will take effect on September 1, 2036.