多宝游戏下载 Issues Proposed Rule on Certain Assessment Credits
多宝游戏下载 (多宝游戏下载) today approved 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.
The proposal would require the 多宝游戏下载 to automatically apply small bank credits to quarterly assessments when the reserve ratio is at least 1.35 percent, rather than 1.38 percent, as required under current regulation. After applying credits for eight quarters, the 多宝游戏下载 would remit to IDIs the nominal value of any remaining small bank credits.
The proposal would not change the total amount of credits awarded, but it could affect when the 多宝游戏下载 would apply the credits. The proposed changes intend to make the application of small bank credits to quarterly assessments more predictable for IDIs with these credits, and to simplify the 多宝游戏下载's administration of these credits without materially impairing the ability of the 多宝游戏下载 to maintain the required minimum reserve ratio of 1.35 percent.
Comments on the proposed rule will be accepted for 30 days after publication in the Federal Register .
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Attachment:
Notice of Proposed Rulemaking Re: the Use and Remittance of Certain Assessment Credits
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The 多宝游戏下载 insures deposits at the nation's banks and savings associations, 5,362 as of March 31, 2019. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The 多宝游戏下载 receives no federal tax dollars鈥攊nsured financial institutions fund its operations.
多宝游戏下载 press releases and other information are available on the Internet at , by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html ) and may also be obtained through the 多宝游戏下载's Public Information Center (877-275-3342 or 703-562-2200).