Guidelines for the FDIC Quarterly Certified Statement Invoice
Period EP-1 Payment Date June 30, 2008

Important Changes –
(1) Application of One-Time Credit
Since June 2007, if an institution had sufficient credit and was in a rate category considered to pose a low risk to the insurance fund, the credit offset on line 5 of the invoice was 100% of the FDIC premium amount on line 4. Beginning with the enclosed invoice, the credit offset is restricted to no more than 90% of the amount on line 4. That means, even if your institution has sufficient credit remaining, your quarterly premium has increased. Qualifying institutions now pay a combined total of at least 10% of line 4 plus line 7 of the invoice. Please see One-Time Assessment Credit.

(2) Report of Condition (“Call Report”) reporting methods
The grace period for filing the Call Report using the traditional method of quarter-end reporting has ended. With the March 31, 2008, Call Report, the only allowable methods are either new quarter-end or -- for certain large institutions, newly insured institutions, and for those voluntarily opting in -- average daily deposits as reported on Schedule RC-O for banks and Schedule DI for thrifts. An incorrect filing will produce an inaccurate invoice and this can result in monetary penalties. For more information, please see FIL-21-2007.

ACH PAYMENT REQUIREMENTS

• The ACH amount on line 10 of the invoice is due Monday, June 30, 2008; any net refund will also settle on this day. Payment must be by ACH; check payments will be returned.
• Failure to make prompt payment can result in civil money penalties; see FIL-43-2007.
• If the ACH information on the invoice is incorrect, your authorized FDICconnect Coordinator should submit corrections by COB, Wednesday, June 25, 2008. ACH changes can only be submitted through FDICconnect using the Assessment Payment Information transaction. If this transaction is not turned on, your Coordinator should go to: FDICconnect for the necessary steps.
  

PAYMENT FOR MERGED OR ACQUIRED INSTITUTIONS

• If your institution merged with, or assumed the deposits of, another FDIC insured member during the second quarter of 2008, the invoices of any acquired institutions will be available to your institution’s FDICconnect coordinator and/or authorized users. Your coordinator or user should go to: FDICconnect for download instructions.
• Your institution’s ACH account will be used to satisfy the payment for your institution and any acquired institutions. Fund your account for the combined total of all invoices. However, if an institution other than your own acquired some or all of the deposits, your institution might not be liable for the entire payment. Contact the Assessments Section, phone and email given at the website below, if this is the case.
  

MORE ASSESSMENT INFORMATION ON THE WEB
Go to: Assessment Home for more information.