Deposit Insurance Assessments: Proposed Rues on Risk-based Assessments, the Designated Reserve Ratio, and Assessment Penalties

Details

• Publisher's site:
  https://www.fdic.gov
• Corporate Authors:
  Federal Deposit Insurance Corporation (FDIC)
• Description:
  The FDIC Board of Directors is seeking comment on the three attached proposed rules. The first proposed rule would create a new system for risk-based assessments. The second proposed rule would set the designated reserve ratio (DRR) at 1.25 percent. The third proposed rule would govern the penalties for failure to pay assessments. The Federal Deposit Insurance Reform Act of 2005 requires the FDIC to prescribe final regulations by November 5, 2006. Comments on the first two proposed rules are due by September 22, 2006; comments on the third rule are due by September 18, 2006.
• Content Notes:
  See FIL-46-2006, dated 05/18/2006 to see the publishedd proposed rules on credits and dividends, and a third proposed rule on procedural and operational changes to the assessment system
  
  See FIL-62-2006, dated 07/17/2006 to review the comments proposed on the official FDIC sign and advertising of FDIC membership
  
  See FIL-27-2006, dated 03/28/2006 to review rule on deposit insurance coverage
  
  
• Subject:
  Assessments
• Dataset Download URL:
  fdic.gov/news/inactive-financial-institution-letters/2006/fil06065.pdf
• Format:
  PDF
• Release Date:
  07/25/2006
• Update Date:
  11/03/2008
• Withdrawn Date:
  Not Available
• Agencies Involved:
  Federal Deposit Insurance Corporation (FDIC)
• Fdic Employee Involved:
  Munsell W. St. Clair ; Arthur J. Murton
• Law Involved:
  Federal Deposit Insurance Reform Act of 2005
• Related Regulation:
  12 C.F.R. 327 ; 12 C.F.R. 328
• Comment Period End Date:
  09/22/2006
• Source:
  FDIC Website
• Memorandum To:
  All FDIC-Insured Institutions
• FIL Number:
  FIL-65-2006
• Main Document Checksum:
  urn:sha256:ed776379667b27729dfd19a5e56720d18cef6a8bbe35c6fe767ec0a6fb4263df
• Download URL:
  https://archive.fdic.gov/view/fdic/7470/fdic_7470_DS1.pdf
• File Type:
  [PDF - 47.62 KB ]