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Assessment Invoicing
Sample Invoices - are below and include:
- FDIC and FICO assessment computations;
- Assessment Rate Calculation Sheet; and
- Invoice
guidelines.
Small Bank Sample Invoice - .PDF 79kb
Large Bank Sample Invoice - .PDF 80kb
Billing & Payment
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Deposit insurance assessments are collected quarterly. All net
invoice payments are collected by
Automated Clearing House (ACH) Direct Debit. See Payment Information.
Signature
Confirmation - Do not return the invoice
if you agree with it. If you disagree with the information
on the invoice, correct the information on the invoice and
return it to
the address provided on the invoice within 90 days of the
invoice date.
Amendments & Adjustments -
If your institution has filed an amendment to its Report
of Condition and Income (“Call Report”)
no further action is necessary to
have the amendment reflected on your invoice. The amendment
will flow from the Call
Report system
to the
assessment system and an adjustment will be reflected on an upcoming invoice. Click here for a PDF document listing adjustment codes that most often appear on the invoice.
FDICconnect -
Since March 2005, invoices are only available through FDICconnect.
That is, invoices are not mailed, emailed, or faxed. Only an
institution’s
FDICconnect Coordinator or authorized user can download
the invoice. For more information on FDICconnect, or to
download additional copies of current and previous invoices,
go to: FDICconnect.gov.
One-Time Assessment Credit ("OTAC") - The Federal Deposit Insurance Reform Act of 2005 authorized eligible insured depository institutions to share a one-time assessment credit pool of approximately $4.7 billon. Click here OTAC for more information.
Temporary Deposit Insurance Program - Amendments to the FDI Act provided full deposit insurance coverage for noninterest-bearing transaction accounts and for Interest on Lawyer Trust Accounts (“IOLTAs”) for a two-year period from December 31, 2010 – December 31, 2012. This program has expired, click here for details: Temporary Deposit Insurance Program
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