PRESS RELEASE
Federal Deposit Insurance Corporation Each Depositor insured to at least $250,000
June 16, 2015
Media Contact:
Name: Barbara Hagenbaugh
Phone(202) 898-6993
Email: mediarequests@fdic.gov
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's
banking system. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing
risks to which they are exposed. The FDIC receives no federal tax dollars — insured financial institutions fund its
operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically
(go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information
Center (877-275-3342 or 703-562-2200). PR-50-2015
FDIC Seeks Comment on Proposal to Revise How Small Banks are Assessed for
Deposit Insurance
FOR IMMEDIATE RELEASE
The Board of Directors of the Federal Deposit Insurance Corporation today sought
comment on a proposed rule that would revise the way small banks are assessed for
deposit insurance.
The proposed rule would affect banks with less than $10 billion in assets that have been
insured by the FDIC for at least five years. It would update the data and methods that
the FDIC uses to determine risk-based assessments for these institutions to reflect the
FDIC's experience during the recent financial crisis and earlier years.
"The proposed pricing method for small banks would do a better job of recognizing risks
before they become losses and would help ensure that banks that take on greater risks
pay more for deposit insurance than their less risky counterparts," FDIC Chairman
Martin J. Gruenberg said.
The proposal would be revenue neutral, so that aggregate assessment revenue
collected from established small banks under the proposal is expected to be
approximately the same as it would have been otherwise. To help banks understand the
potential effect of the proposed rule, the FDIC has published an online assessment
calculator that will allow institutions to estimate their assessment rates under the
proposal.
The proposed rule will be published in the Federal Register, with a 60-day comment
period.
Federal Deposit Insurance Corporation Each Depositor insured to at least $250,000
June 16, 2015
Media Contact:
Name: Barbara Hagenbaugh
Phone(202) 898-6993
Email: mediarequests@fdic.gov
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's
banking system. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing
risks to which they are exposed. The FDIC receives no federal tax dollars — insured financial institutions fund its
operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically
(go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information
Center (877-275-3342 or 703-562-2200). PR-50-2015
FDIC Seeks Comment on Proposal to Revise How Small Banks are Assessed for
Deposit Insurance
FOR IMMEDIATE RELEASE
The Board of Directors of the Federal Deposit Insurance Corporation today sought
comment on a proposed rule that would revise the way small banks are assessed for
deposit insurance.
The proposed rule would affect banks with less than $10 billion in assets that have been
insured by the FDIC for at least five years. It would update the data and methods that
the FDIC uses to determine risk-based assessments for these institutions to reflect the
FDIC's experience during the recent financial crisis and earlier years.
"The proposed pricing method for small banks would do a better job of recognizing risks
before they become losses and would help ensure that banks that take on greater risks
pay more for deposit insurance than their less risky counterparts," FDIC Chairman
Martin J. Gruenberg said.
The proposal would be revenue neutral, so that aggregate assessment revenue
collected from established small banks under the proposal is expected to be
approximately the same as it would have been otherwise. To help banks understand the
potential effect of the proposed rule, the FDIC has published an online assessment
calculator that will allow institutions to estimate their assessment rates under the
proposal.
The proposed rule will be published in the Federal Register, with a 60-day comment
period.