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Financial Institution Letters

Deposit Insurance Assessments
Advance Notice of Proposed Rulemaking on Dividends - Corrections to Federal Register Notice
FIL-89-2007
October 18, 2007


Summary: On September 26, 2007, the FDIC issued FIL-85-2007 seeking comment on an Advance Notice of Proposed Rulemaking (ANPR) on alternative methods for allocating dividends as part of a final rule to implement the dividend requirements of the Federal Deposit Insurance Reform Act of 2005 and the Federal Deposit Insurance Reform Conforming Amendments Act of 2005. The ANPR was published in the Federal Register on September 18, 2007. In the printing of the Federal Register notice, errors were made to three charts. The attached Federal Register notice contains the corrected versions of those charts. Comments on the ANPR are due by November 19, 2007.

Highlights:
The attached Federal Register notice contains corrections to the following three charts:

  • Chart 1, Fund Balance Method, Scenario: Low Losses
  • Chart 3, Payments Method, Scenario: Low Losses
  • Chart 5, Payments Method, Scenario: Low Losses with a Rolling 15-year Reference Period

Distribution:
FDIC-Insured Institutions

Suggested Routing:
Chief Executive Officer
President
Chief Financial Officer

Related Topics:
FDIC Temporary Final Rule on Assessment
Dividends, 12 CFR 327, Subpart C; FDIC One-
Time Assessment Credit Regulations,
12 CFR 327, Subpart B; FDIC Assessment
Dividend Regulations, 12 CFR 327, Subpart C;
FDIC Operational Regulations Governing the
Assessment Process, 12 CFR 327.1 to 327.8

Attachment:
Federal Register notice with corrected charts (PDF Help)

Contacts:
Munsell St. Clair, Senior Policy Analyst, Division of
Insurance and Research (DIR), (202) 898-8967;
Missy Craig, Senior Program Analyst, DIR, (202)
898-8724; or Joseph DiNuzzo, Counsel, Legal
Division, (202) 898-7349. E-mail:
assessments@fdic.gov

Printable Format:
FIL-89-2007 - 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/2007/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).




Last Updated 10/18/2007 communications@fdic.gov