The prepaid assessment credit program ended with the 13th and final credit application on the March 29, 2013 quarterly deposit insurance invoice. Refunds of any unused prepaid assessment credits were issued on the June 28, 2013 invoice as specified in Financial Institution Letter (FIL) #63 for 2009.
Return of unused Prepaid Assessment Credits occurred as follows:
Open Institutions - Unused prepaid assessment credits were issued on the open institutions’ June 28, 2013 invoices.
Mergers - For second quarter 2013 mergers, the surviving institution received an ACH credit for any unused prepaid assessment credits on the acquired institution’s June 28, 2013 invoice.
Voluntary Liquidations - Any institution in the process of Voluntarily Liquidating during the second quarter of 2013, received a refund of unused prepaid assessment credits on its June 28, 2013 invoice.
Failed Institutions - In accordance with Section 327.12, any unused prepaid assessment credits of failed institutions were returned to the receiverships.