In November 2023, the Federal Deposit Insurance Corporation (FDIC) Board of Directors approved a final rule implementing a special assessment to recover the loss to the Deposit Insurance Fund (DIF) arising from the systemic risk exception announced on March 12, 2023 following the closures of Silicon Valley Bank and Signature Bank, as required by the Federal Deposit Insurance Act. In December 2025, the FDIC adopted an interim final rule amending the collection of the special assessment.
As of September 30, 2025, the FDIC estimates the total cost of the failures of Silicon Valley Bank and Signature Bank that must be recovered through the special assessment is approximately $16.7 billion. Estimated losses are periodically adjusted as the FDIC, as receiver of the failed banks, sells assets, satisfies liabilities, and incurs receivership expenses.
Key Features
Special Assessment Rate and Base
- The special assessment will be collected at a quarterly rate of 3.36 basis points for the initial seven quarters of the collection period, including in the seventh collection quarter with an invoice payment date of December 30, 2025.
- To ensure that the FDIC recovers the correct amount through the special assessment, equal to the total losses attributable to the systemic risk exception, without overcollecting or undercollecting, the FDIC has reduced the rate at which the special assessment will be collected in the eighth collection quarter, with an invoice payment date of March 30, 2026, from 3.36 basis points to 2.97 basis points.
- The quarterly special assessment rate will be applied to the special assessment base equal to an insured depository institution’s (IDI’s) estimated uninsured deposits reported for the December 31, 2022 reporting period, adjusted to exclude the first $5 billion, applicable either to the IDI, if an IDI is not a subsidiary of a holding company, or at the banking organization level, to the extent that an IDI is part of a holding company with one or more subsidiary IDIs.
Insured Institutions Affected
- As of September 30, 2025, it is estimated that 141 IDIs belonging to 110 banking organizations are subject to the special assessment. A banking organization is defined to include IDIs that are not subsidiaries of a holding company and holding companies with one or more IDIs.
- The special assessment does not apply to any banking organization with less than $5 billion in estimated uninsured deposits.
Example of the Special Assessment Charge
- The projected special assessment amount due each of the first seven quarters of the collection period will be 0.000336 (3.36 basis points divided by 10,000 to move the decimal point) multiplied by the special assessment base of estimated uninsured deposits reported on Schedule RC-O, Memorandum item 2 of the Consolidated Reports of Condition and Income (Call Report) or Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks (FFIEC 002), for the December 31, 2022 reporting period, adjusted to exclude the first $5 billion of uninsured deposits at the banking organization level.
- In the eighth quarter of the collection period, with an invoice payment date of March 30, 2026, the quarterly rate will be reduced to 0.000297.
- Sample quarterly special assessment amount for a banking organization with only one IDI in the eighth quarterly collection period:
- Estimated Uninsured Deposits reported on Schedule RC-O Memo item 2 is $7.5 billion for Call Report date 12/31/2022*
- The special assessment base after applying the $5 billion deduction is $2.5 billion
- The quarterly special assessment amount due would be $2,500,000,000 multiplied by 0.000297 = $742,500.
*Unlike the regular quarterly deposit insurance invoice that is based on the most recent Call Report data corresponding with the quarter in which the institution in being assessed, the base for the Special Assessment will be calculated, for each quarter, using the amount of estimated uninsured deposits reported in Schedule RC-O, Memorandum item 2 for the December 31, 2022 reporting period. The FDIC conducted an Assessment Reporting Review (review) of the accuracy of estimated uninsured deposits reporting and related items on the Call Report. This review resulted in amendments where issues with reporting accuracy were found. For additional information on reporting expectations for estimated uninsured deposits and related items, see: Estimated Uninsured Deposits Reporting Expectations.
Payment of the Special Assessment
- The special assessment will be reflected as an additional charge on the regular quarterly invoice for IDIs subject to the special assessment. Click here for invoice payment dates.
- The first quarterly collection period was first quarter 2024 with a payment date of June 28, 2024.
- The FDIC will collect at a quarterly rate of 3.36 basis points in the seventh quarterly collection period, with an invoice payment date of December 30, 2025, and at a rate of 2.97 basis points in the eighth quarterly collection period, with an invoice payment date of March 30, 2026.
If an institution merges with an institution subject to the special assessment, the surviving institution will be billed for the special assessment charge of the acquired institution until the collection of the special assessment ends. If an institution subject to the special assessment merges with another institution subject to the special assessment, the surviving institution will be billed for both special assessment charges until the collection of the special assessment ends. For more information on mergers see Merger, Acquisitions, & Branch Sales.
Potential Offset to Regular Quarterly Deposit Insurance Assessments
- The FDIC will provide an offset to regular quarterly deposit insurance assessments for banks subject to the special assessment if, following the final resolution of litigation between the FDIC and SVB Financial Trust, the total amount collected through the special assessment exceeds the loss estimate at that time.
- Any offset would be an amount proportional to the amount that each bank paid towards the special assessment.
Final Offset to Regular Quarterly Deposit Insurance Assessments or One-Time Final Shortfall Special Assessment
- By statute, the FDIC is required to recover the losses arising from the use of a systemic risk determination through one or more special assessments.
- As with all receiverships, the loss estimate will be periodically adjusted as the FDIC, as receiver of the failed banks, sells assets, satisfies liabilities, and incurs receivership expenses.
- Upon termination of the receiverships, the FDIC will either:
- (1) provide an offset to regular quarterly deposit insurance assessments for IDIs subject to the special assessment, if the amount collected exceeds losses; or
- (2) collect from IDIs subject to the special assessment a one-time final shortfall special assessment, if losses exceed the amount collected.
- In aggregate, this will ensure that the FDIC ultimately collects the correct amount, equal to losses attributable to the systemic risk determination.
- The FDIC will provide any updates on the collection of the special assessment or any offsets to banking organizations subject to the special assessment. If a one-time final shortfall special assessment is required, the FDIC will provide advanced notice of at least 45 days. Updates will be through FDICconnect as FDIC Official Correspondence and quarterly deposit insurance assessment invoices.
For More Information and Assistance
For more information on the 2023 final rule implementing the special assessment and the 2025 interim final rule amending the collection of the special assessment, see Financial Institution Letters FIL-58-2023 and FIL-58-2025 and their attachments.
For assistance, please call 1-800-759-6596, Option 2, or email Assessments@fdic.gov.