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Financial Institution Letter

Insurance Assessments

January 5, 1995
Notes
 
TO: CHIEF EXECUTIVE OFFICER 
SUBJECT: New, Automated System of Quarterly Assessment Collections 

On December 20, 1994, the FDIC Board of Directors approved changes in the FDIC's rules and regulations to make the process of calculating and collecting deposit insurance premiums more efficient and less burdensome. A copy of the final rule is attached. Under the new rule that is scheduled to take effect April 1, 1995, for the semiannual assessment period beginning July 1, 1995, 

This final rule is substantially the same as a proposal issued for public comment earlier in 1994. If you have questions regarding the new collection system, contact Connie Brindle, Chief of the Assessment Operations Section in the Division of Finance (703-516-5553), or Martha Coulter, a Counsel in the Legal Division (202-898-7348). If you have questions about the assessment obligations of acquiring institutions, contact William Farrell, Chief of the Assessment Management Section in the Division of Finance (703-516-5546), or Jules Bernard, a Counsel in the Legal Division (202-898-3731). The FDIC will be sending more details on the implementation of this new collection system in the near future. 

Steven A. Seelig

Chief Financial Officer

Distribution

All Insured Banks and Savings Institutions

FIL-4-95
Attachment(s)
Federal Register

Last Updated: January 5, 1995