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FDIC Issues Proposed Rule on Certain Assessment Credits
On Tuesday, August 20, 2019, the FDIC issued a press release on approving a notice of proposed rulemaking that would amend the deposit insurance assessment regulations that govern the use of small bank assessment credits and one-time assessment credits. Small bank credits were awarded to insured depository institutions (IDIs) that had less than $10 billion in assets, and that contributed to the growth in the Deposit Insurance Fund (DIF) reserve ratio at some point between July 1, 2016, and September 30, 2018, when the reserve ratio was between 1.15 percent and 1.35 percent.
Comments on the proposed rule will be accepted for 30 days after publication in the Federal Register.