Deposit Insurance Assessments
| TO: | CHIEF EXECUTIVE OFFICER |
| SUBJECT: | Proposed Changes to 多宝游戏下载 Assessment Certified Statement Rule |
| Summary: | The 多宝游戏下载 is seeking comment on proposed changes to its assessment certified statement rule (12 CFR Part 327). Under the proposed changes, correct certified statements would not be signed and returned to the 多宝游戏下载, and insured institutions would obtain assessment invoices online through 多宝游戏下载connect. Comments are due by August 9, 2004. |
The Board of Directors of the Federal Deposit Insurance Corporation (多宝游戏下载) is requesting comment on the attached proposed rule, which would modernize and simplify the deposit insurance assessment regulations governing certified statements. Comments are due by August 9, 2004.
Under the proposal, insured institutions would be required to obtain their certified statements on the Internet via the 多宝游戏下载's transaction-based e-business Web site, 多宝游戏下载 connect . The semiannual certified statement process would be synchronized with the present quarterly invoice process; two quarterly certified statement invoices would become components of the semiannual assessment certification. Correct certified statements would no longer be signed and returned to the 多宝游戏下载.
Under the proposed changes, an institution would electronically retrieve its quarterly certified statement invoice. If the institution agrees with its quarterly certified statement invoice, it would simply pay the assessment amount (as it currently does) and retain the invoice in its own files. If it disagrees with the quarterly certified statement invoice, it would either amend its Report of Condition or similar report (to correct data errors) or amend its quarterly certified statement invoice (to correct calculation errors). The 多宝游戏下载 would automatically treat either as the insured institution's request for revision of its assessment computation, eliminating the requirement of a separate filing.
It is anticipated that these proposed changes would reduce the time and effort required to comply with the certified statement process, consistent with the 多宝游戏下载's ongoing program under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) to provide regulatory burden relief to insured depository institutions.
Written comments may be sent to Robert E. Feldman, Executive Secretary, Attention: Comments/Executive Secretary Section, Federal Deposit Insurance Corporation, 550 17th Street, NW, Washington, D.C. 20429. Comments also may be mailed electronically to comments@fdic.gov or hand-delivered to the guard station at the rear of the 17th Street building (located on F Street) on business days between 7 a.m. and 5 p.m. Comments also may be faxed to (202) 898-3838.
For more information, please contact Steve Wagoner, Senior Assessment Specialist, Division of Finance, at 202-416-7152; Linda A. Abood, Supervisory IT Specialist, Division of Information Resources Management, at 703-516-1202; or Christopher Bellotto, Counsel, Legal Division, at 202-898-3801.
For your reference, 多宝游戏下载 Financial Institution Letters may be accessed on the 多宝游戏下载's Web site at http://www.fdic.gov/news/financial-institution-letters/2004/index.html . To learn how to automatically receive 多宝游戏下载 Financial Institution Letters through e-mail, please visit http://www.fdic.gov/news/news/announcements/index.html .
| Fred S. Selby | Michael E. Bartell |
| Director | CIO and Director |
| Division of Finance | Division of Information Resources Management |
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Distribution: All Insured Banks and Savings Associations
NOTE: Paper copies of 多宝游戏下载 financial institution letters may be obtained through the 多宝游戏下载鈥檚 Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).