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Federal Deposit
Insurance Corporation

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

Financial Institution Letters

FIL-28-2016
April 26, 2016

Small Bank Pricing

Final Rule

Printable Format:

FIL-28-2016 - PDF (PDF Help)

Summary:

On April 26, 2016, the FDIC Board of Directors approved the attached final rule to improve the deposit insurance assessment system for established small insured depository institutions (generally, those banks with less than $10 billion in total assets that have been insured for at least five years). The final rule is effective July 1, 2016. If the reserve ratio of the Deposit Insurance Fund (DIF) reaches 1.15 percent before that date, the final rule will determine assessment rates beginning July 1, 2016. If the reserve ratio has not reached 1.15 percent by that date, the final rule will determine assessment rates beginning the calendar quarter after the reserve ratio reaches 1.15 percent.

Statement of Applicability to Institutions under $1 Billion in Total Assets: This Financial Institution Letter applies to institutions under $1 billion in total assets.

Highlights:

The final rule:

Distribution:

Suggested Routing:

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Attachment:

Contact:

Note:

FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at https://www.fdic.gov/news/news/financial/2016/

To receive FILs electronically, please visit https://service.govdelivery.com/accounts/USFDIC/subscriber/new.

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).

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