• The FDIC Board of Directors has extended the comment period for three proposed rules governing deposit insurance assessments under the Deposit Insurance Reform Act of 2005.
• Comments on the proposals are due by August 16, 2006.
• The proposed rules concern a one-time assessment credit for eligible insured depository institutions; the payment of dividends from the Deposit Insurance Fund; and procedural and operational changes regarding the manner in which assessments are determined and collected from insured depository institutions.
• For more information about the proposed rules, see FIL-46-2006, dated May 18, 2006.

Distribution:
All FDIC-Insured Institutions

Suggested Routing:
Chief Executive Office
President
Chief Financial Officer

Related Topics:
FDIC Assessments Regulations
12 C.F.R. 327

Attachment:
Federal Register notices announcing extension of comment periods

http://edocket.access.gpo.gov/2006/pdf/06-5834.pdf - PDF 46k (PDF Help)
http://edocket.access.gpo.gov/2006/pdf/06-5839.pdf - PDF 53k (PDF Help)
http://edocket.access.gpo.gov/2006/pdf/06-5865.pdf - PDF 53k (PDF Help)

Contact:
Munsell W. St.Clair, Senior Policy Analyst, Division of Insurance and Research, on (202) 898-8967

Printable Format:
FIL-59-2006 - PDF 36k (PDF Help)

Note:
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2006/index.html.

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.

Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 3501 N. Fairfax Drive, Room E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).