FDIC Federal Register Citations

[Page 23855]

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) Completed Actions

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4181. 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 made several changes to FDIC's regulations
governing assessments. The FDIC changed the reporting date used to
determine the capital component of the assessment risk classification
assigned to FDIC-insured depository institutions. That date moved
closer by one calendar quarter to the assessment period for which the
capital component is assigned. The FDIC also shortened 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 also was applied to
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 increased 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 12/16/99 64 FR 70178
Final Action Effective 04/01/00

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
[FR Doc. 00-5321 Filed 04-21-00; 8:45 am]
BILLING CODE 6714-01-F