The FDIC is reminding FDIC-insured depository institutions that their Preliminary Statements of One-Time Assessment Credit are available for viewing through FDICconnect. Insured depository institutions have only until December 18, 2006, to submit a Request for Review to correct any errors in their Statements.
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 FDICconnect, 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.
All FDIC-Insured Institutions
Chief Executive Officer
Chief Financial Officer
FDIC Assessments Regulations, 12 CFR 327, Subpart A
FDIC Dividends Regulations, 12 CFR 327,
Donna M. Saulnier, Senior Assessment Policy Specialist, Division of Finance, (703) 562-6167
Thomas D. Hesselbrock, Senior Assessment Policy Specialist, Division of Finance, (703) 562-6165 email@example.com