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Highlights:
- Risk-Based Assessments for the First Quarter of 2009: The attached final rule, effective January 1, 2009, increases assessment rates uniformly by 7 basis points (annual rate) for the first quarter 2009 assessment period only. Annual rates applicable to the first quarter 2009 assessments, which would be collected at the end of June, are as follows:
- Risk Category I: 12 - 14 basis points;
- Risk Category II: 17 basis points;
- Risk Category III: 35 basis points; and
- Risk Category IV: 50 basis points.
- Proposed Changes Effective April 1, 2009: The FDIC will issue another final rule early in 2009, to take effect on April 1, 2009, to change the way that the FDIC's assessment system differentiates for risk, make corresponding changes to assessment rates beginning with the second quarter of 2009, and make certain technical and other changes to the assessment rules.
- Rate Calculator: To estimate Risk Category I deposit insurance assessment rates for the first quarter of 2009 only, use the current assessment rate calculator and add 7 basis points to the resulting annual rate. The calculator is available at: http://www.fdic.gov/deposit/insurance/initiative/index.html.
Distribution:
All FDIC-Insured Institutions
Suggested Routing:
Chief Executive Officer
President
Chief Financial Officer
Related Topics: FDIC Restoration Plan, 73
Fed. Reg. 61598 (Oct. 16, 2008); Assessments,
Proposed Rule, 73 Fed. Reg. 61560 (Oct. 16,
2008)
Attachment:
Final Rule (PDF Help)
Contacts:
Matthew Green, Chief, Fund Analysis and Pricing
Section, Division of Insurance and Research,
(202) 898-3670
Christopher Bellotto, Counsel, Legal Division, (202) 898-3801
assessments@fdic.gov
Printable Format:
FIL-143-2008 - PDF (PDF Help)
Note:
FDIC financial institution letters (FILs) may be
accessed from the FDIC's Web site at
www.fdic.gov/news/news/financial/2008/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 Fairfax Drive, E-1002,
Arlington, VA 22226
(1-877-275-3342 or 703-562-
2200).
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