Chief Financial Officer's (CFO) Report to the Board
DIF Balance Sheet - Fourth Quarter 2016
|Fund Financial Results||($ in millions)|
2016 FDIC Actual Assessment Collections and Estimated Assessment Revenue
|Quarter||Actual Regular Assessment Collections||Actual Surcharge Assessment||Estimated Surcharge Assessment|
The third quarter decline in actual assessment collections is due to a decline in the effective assessent rate, from 6.2 bps to 4.1 bps due to the lower assessment rate schedule now that the Deposit Insurance Fund has reached 1.15 percent.