Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation’s banking system.
The FDIC insures deposits at the nation’s banks and savings associations, 6,270 as of September 30, 2015. 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-4-2016
January 21, 2016 Media contact:
Barbara Hagenbaugh
(202) 898-6993
bhagenbaugh@fdic.gov
FDIC Seeks Comment on Revised Proposal to Amend How Small Banks
Are Assessed for Deposit Insurance
The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today sought comment on a
revised proposed rule that would amend 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 revise the methodology that the FDIC uses to
determine risk-based assessments for these institutions to better reflect risks and to help ensure that banks
that take on greater risks pay more for deposit insurance than their less risky counterparts.
The proposal follows an initial proposed rule on small bank assessments issued in June 2015. The
updated proposal reflects comments received last year on topics including the calculation of asset growth
and the treatment of reciprocal deposits and Federal Home Loan Bank advances.
Like the initial proposal, the revised proposal would be revenue neutral, so that aggregate assessment
revenue collected from established small banks is expected to be approximately the same as it would have
been otherwise. The FDIC has revised the online assessment calculator that allows institutions to estimate
their assessment rates under the proposal to reflect the updated proposal.
The FDIC is seeking comment on the updated proposal to ensure the public has the opportunity to provide
feedback on the revisions. Comments on the proposed rule will be received for 30 days following
publication in the Federal Register.
# # #
Attachments:
Notice of Proposed Rulemaking
Link to online assessment calculator
Statement by Chairman Martin J. Gruenberg
The FDIC insures deposits at the nation’s banks and savings associations, 6,270 as of September 30, 2015. 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-4-2016
January 21, 2016 Media contact:
Barbara Hagenbaugh
(202) 898-6993
bhagenbaugh@fdic.gov
FDIC Seeks Comment on Revised Proposal to Amend How Small Banks
Are Assessed for Deposit Insurance
The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today sought comment on a
revised proposed rule that would amend 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 revise the methodology that the FDIC uses to
determine risk-based assessments for these institutions to better reflect risks and to help ensure that banks
that take on greater risks pay more for deposit insurance than their less risky counterparts.
The proposal follows an initial proposed rule on small bank assessments issued in June 2015. The
updated proposal reflects comments received last year on topics including the calculation of asset growth
and the treatment of reciprocal deposits and Federal Home Loan Bank advances.
Like the initial proposal, the revised proposal would be revenue neutral, so that aggregate assessment
revenue collected from established small banks is expected to be approximately the same as it would have
been otherwise. The FDIC has revised the online assessment calculator that allows institutions to estimate
their assessment rates under the proposal to reflect the updated proposal.
The FDIC is seeking comment on the updated proposal to ensure the public has the opportunity to provide
feedback on the revisions. Comments on the proposed rule will be received for 30 days following
publication in the Federal Register.
# # #
Attachments:
Notice of Proposed Rulemaking
Link to online assessment calculator
Statement by Chairman Martin J. Gruenberg