Home > Deposit Insurance > The Deposit Insurance Fund THE DEPOSIT INSURANCE FUND On February 8, 2006, the President signed The Federal Deposit Insurance Reform Act of 2005 (the Reform Act) into law. The Reform Act merged the Bank Insurance Fund (BIF) and the Saving Association Insurance Fund (SAIF) into a new fund called the Deposit Insurance Fund (DIF). This change was made effective March 31, 2006. On July 21, 2010, the President signed the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) into law. The Dodd-Frank Act established a minimum designated reserve ratio (DRR) of 1.35 percent of estimated insured deposits, mandates that the FDIC adopt a restoration plan should the fund balance fall below 1.35 percent, and provide dividends to the industry should the fund balance exceed 1.50 percent. This website contains useful information for bankers, consumers, and academics who are interested in learning more about the Deposit Insurance Fund and Assessment Rates. |