Regulatory Alerts2022-10-24 | 2022-22985Assessments, Revised Deposit Insurance Assessment Rates
The Federal Deposit Insurance Corporation adopted a final rule increasing initial base deposit insurance assessment rates by two basis points, effective January 1, 2023. This adjustment ensures the Deposit Insurance Fund’s reserve ratio reaches its statutory minimum of 1.35 percent by September 2028 while supporting long-term growth toward a 2 percent Designated Reserve Ratio. The rule incorporates industry feedback on insured deposit growth assumptions and preserves progressively lower assessment schedules once the fund achieves specified reserve thresholds.
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