Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
Financial Institution Letter
Deposit Insurance Assessments One-Time Assessment Credit Statement – REMINDER
November 17, 2006
Notes
 


Summary: The FDIC is reminding FDIC-insured depository institutions that their Preliminary Statements of One-Time Assessment Credit are available for viewing through FDIC connect . Insured depository institutions have only until December 18, 2006, to submit a Request for Review to correct any errors in their Statements.

Highlights:
  • The FDIC Board of Directors recently approved the final rule to implement the One-Time Assessment Credit, as required by the Federal Deposit Insurance Reform Act of 2005. The rule takes effect today, November 17, 2006.
  • An institution's Preliminary Statement of One-Time Credit is available only through FDIC connect , the FDIC's e-business portal.
  • An institution may request a review of its One-Time Assessment Credit eligibility or amount no later than December 18, 2006 .
  • Because the amounts shown in the Statement will not reflect credits as a result of transfers under the "de facto rule," an institution claiming credits under this rule must file a request for review.
  • An institution that does not request a review of its One-Time Assessment Credit eligibility or amount by December 18, 2006, will be barred from subsequently requesting a review.
  • If an institution agrees with the information presented on the Preliminary Statement of One-Time Assessment Credit, it does not need to take any further action.
  • Refer to Financial Institution Letter (FIL)-93-2006, issued October 18, 2006, for a copy of the final rule and guidelines for filing a request for review.

Distribution:
All FDIC-Insured Institutions

Suggested Routing:
Chief Executive Officer
President
Chief Financial Officer

Note:
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/financial-institution-letters/2006/index.html .

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html .

Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).


Additional Related Topics:

  • FDIC Assessments Regulations, 12 CFR 327, Subpart A
  • FDIC Dividends Regulations, 12 CFR 327, Subpart C
FIL-101-2006
Attachments
Last Updated: November 17, 2006