Requests for Review of Assessments

REQUESTS FOR RATE REVIEW

An institution has the right to request a review of its assessment risk assignment or assessment rate. The FDIC’s regulation is set forth at 12 C.F.R. § 327.4(c).

Possible subjects of a request for review include: (1) the capital group assigned to an institution; (2) the wrong (not a disputed) CAMELS rating used to determine a risk classification or assessment rate; (3) an examination rating transmittal date; (4) a financial ratio used to calculate the assessment rate (for an institution in Risk Category I subject to the financial ratio method); (5) the wrong (not a disputed) long-term debt issuer rating used or the wrong effective date of a new debt rating used to calculate the assessment rate (for a large institution in Risk Category I subject to the debt rating method); (6) a risk adjustment applied to a large bank in Risk Category I; (7) classification of a Risk Category I institution as small or large; or (8) the pricing method used (financial ratio method versus debt rating method) for an institution in Risk Category I.

The review process is not intended as a means for an institution to dispute either the composite or component ratings assigned to the institution by its primary federal regulator. Each federal regulator has established procedures for that purpose.

Requests for review of an assessment risk assignment or assessment rate must be:

• In writing and sent to:

Director, Division of Insurance and Research
Federal Deposit Insurance Corporation
550 17th Street, NW
Washington, D.C. 20429

ATTN: Fund Analysis and Pricing Section
Room 4102

• Postmarked or received by the FDIC within 90 days of the date the assessment risk assignment or assessment rate being challenged appears on the institution’s quarterly certified statement invoice.

• Sufficiently documented to support the change sought by the institution.

To ensure proof of mailing, institutions may wish to send requests for review by certified or registered mail.

An institution will be notified in writing of the determination on its request. If an institution’s request is denied, the institution will be advised of its right to appeal that denial to the Assessment Appeals Committee (AAC). Such an appeal must be filed with the AAC within 30 calendar days from the date of the determination letter. Failure to file within the 30-day time frame may result in denial of the appeal by the AAC. If an institution appeals the denial to the AAC, the AAC will conduct a hearing and decide the matter. The institution will be notified in writing of the decision of the AAC. For more information see Deposit Insurance Assessment Appeals: Guidelines & Decisions.

REQUESTS FOR REVISION

An institution has the right to request a revision of its assessment base used in determining the amount of assessments owed, or the computation of the amounts owed, as set forth in 12 C.F.R. § 327.3(f) of the FDIC Rules and Regulations. Possible subjects of a request for revision include: (1) disagreement with an amount included in the assessment base; or (2) an error in the mathematical computation of the quarterly certified statement invoice.

An institution also has the right to request a review of the amounts shown on the credit summary statement provided with its quarterly certified statement invoice, as set forth in 12 C.F.R. § 327.36(b)-(i) of the FDIC Rules and Regulation. Possible subjects of a request for review of the credit summary statement include: (1) disagreement with any limitation on the amount of credit that was applied against the amount owed for deposit insurance; or (2) credit issues related to recent acquisitions. The review process, however, is not intended as a means for an institution to appeal one-time assessment credit amount determinations previously made by the FDIC.

Requests for revision of assessment computations and requests for review of credit summary statements must be:

• In writing and sent to:

Federal Deposit Insurance Corporation
Manager, Assessments Policy Section
3501 Fairfax Drive, E-5075
Arlington, Virginia 22226

• Postmarked or received by the FDIC within 90 days of the date of the quarterly certified statement invoice or credit summary statement being challenged.

• Sufficiently documented to support the change sought by the institution.

To ensure proof of mailing, institutions may wish to send requests by certified or registered mail.

An institution will be notified in writing of the determination on its request. If an institution’s request is denied, the institution will be advised of its right to appeal that denial to the Assessment Appeals Committee (AAC). Such an appeal must be filed with the AAC within 30 calendar days from the date of the determination letter. Failure to file within the 30-day time frame may result in denial of the appeal by the AAC. If an institution appeals the denial to the AAC, the AAC will conduct a hearing and decide the matter. The institution will be notified in writing of the decision of the AAC. For more information see Deposit Insurance Assessment Appeals: Guidelines & Decisions.