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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Deposit Insurance Assessments

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Recent Changes to Assessments

Changes Resulting from the Reserve Ratio reaching 1.15% effective June 30, 2016
- Assessment Rate Schedule
- Large Institution Surcharges & future Small Institution Credits
- Small Institution Pricing Changes

Assessment collections have changed since the Reserve Ratio reached 1.15% effective June 30, 2016.  The Reserve Ratio is the total of the Deposit Insurance Fund (“DIF”) divided by the total estimated insured deposits of the industry.  The assessment changes and corresponding legislative rulings are:


The timeline for the assessment changes was as follows:

The Reserve Ratio reached 1.15% effective as of June 30, 2016, so
- the lower rates, surcharges, and new pricing became effective July 1, 2016; and
- the lower rates, surcharges, and new pricing appeared on the December 30, 2016 invoice (which was payment   for the third quarter of 2016).

New Assessment Rate Schedule
Effective July 1, 2016, the initial base assessment rates for all insured institutions were reduced from 5 to 35 basis points to 3 to 30 basis points.  Total base assessment rates after possible adjustments were reduced from 2.5 to 45 basis points to 1.5 to 40 basis points.

Total Base Assessment Rates for established institutions (insured 5 or more years)*
All amounts are in basis points annually

 

 

Established Small Institutions
CAMELS Composite

 

Large & Highly
Complex
    Institutions **

1 or 2
3
4 or 5

Initial Base Assessment Rate

3 to 16

6 to 30

16 to 30

3 to 30

Unsecured Debt Adjustment ***

-5 to 0

-5 to 0

-5 to 0

-5 to 0

Brokered Deposit Adjustment

N/A

N/A

N/A

0 to 10

Total Base Assessment Rate

1.5 to 16

3 to 30

11 to 30

1.5 to 40

*   Total base rates that are not the minimum or maximum rate will vary between these rates. Total base assessment rates do not include the Depository Institution Debt Adjustment (“DIDA”).
**  See 12 CFR 327.8(f) and (g) for the definition of large and highly complex institutions.
*** The unsecured debt adjustment cannot exceed the lesser of 5 basis points or 50 percent of an insured depository institution’s initial base assessment rate; thus, for example, an insured depository institution with an initial base assessment rate of 3 basis points will have a maximum unsecured debt adjustment of 1.5 basis points and cannot have a total base assessment rate lower than 1.5 basis points. The unsecured debt adjustment does not apply to new institutions or insured branches.

Large Institution Surcharges & future Small Institution Credits
Effective July 1, 2016, large institution surcharges began being collected with the December 30, 2016 invoice.  Key aspects of the surcharges include:

Since large institution surcharges will be collected for up to eight quarters, the regular quarterly assessments paid by small institutions (institutions with less than $10 billion in total consolidated assets) during that period will also contribute to raising the Reserve Ratio from 1.15% to 1.35 %.  The FDIC will provide future credit offsets to assessments of small institutions for the portion of their assessments that contributed to the Reserve Ratio growth.  Key aspects of the future credits include:

Small Institution Pricing Changes
Effective July 1, 2016, changes took place to the pricing system for established small institutions and appeared on the December 30, 2016 invoice.  The new pricing system:

Please see the Assessment Rate Calculators for determining assessments for your institution.  Questions on the calculators should be emailed to RRPSAdministrator@fdic.gov.
More information on the new small institution pricing system can be found in Financial Institution Letter FIL-28-2016 and in the Recommendation and Summary memorandum.

For a Reserve Ratio history, go to Statistics at a Glance and click on “FDIC Historical Trends.”


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