FDIC Federal Register Citations

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Federal Deposit Insurance Corporation (FDIC) Proposed Rule Stage

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4419. <bullet> ASSESSMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1441; 12 USC 1441b; 12 USC 1813; 12 USC 1815;
12 USC 1817-1819; PL 104-208; 12 USC 1812

CFR Citation: 12 CFR 327

Legal Deadline: None

Abstract: This rulemaking proposes several changes to FDIC's
regulations governing assessments. The FDIC proposes to change the
reporting date used to determine the capital component of the
assessment risk classification assigned to FDIC-insured depository
institutions. The proposal is to move that date closer by one calendar
quarter to the assessment period for which the capital component is
assigned. The FDIC is further proposing to shorten from 30 days to 15
days the prior notice that the FDIC sends to institutions advising them
of their assessment risk classification for the following semiannual
assessment period. The same reduction is proposed for the invoice sent
by the FDIC each quarter showing the amount of the assessment payment
due for the next quarterly collection. At the other end of the process,
the FDIC is proposing to increase from 30 days to 90 days the time
within which an institution may request review of its assessment risk
classification.

Timetable:
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Action Date FR Cite

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NPRM 09/08/99 64 FR 48719
NPRM Comment Period End 10/25/99
Final Action 07/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: James W. Thornton, Senior Banking Analyst, Division of
Insurance, Federal Deposit Insurance Corporation, Washington, DC 20429
Phone: 202 898-6707

RIN: 3064-AC31

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