Regulatory Alerts2019-08-29 | 2019-18257FDIC Proposed Rule on Small Bank and One-Time Assessment Credits
The Federal Deposit Insurance Corporation proposes to amend deposit insurance assessment regulations to allow small bank credits and one-time assessment credits to be applied when the Deposit Insurance Fund reserve ratio is at least 1.35 percent instead of the current 1.38 percent threshold. The proposal also mandates that any remaining small bank credits and one-time assessment credits be remitted in lump-sum payments to insured depository institutions after eight quarterly assessment periods. These changes aim to provide more predictable credit application and simplify the administration of the Deposit Insurance Fund without impairing its statutory minimum reserve ratio.
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