[Federal Register Volume 74, Number 245 (Wednesday, December 23, 2009)]
[Notices]
[Page 68268]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-30423]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Deposit Insurance Assessments--2010 Designated Reserve Ratio

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice.

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    At a meeting on December 15, 2009, pursuant to provisions in the 
Federal Deposit Insurance Act, the Board of Directors of the FDIC 
(Board) set the 2010 designated reserve ratio (DRR) for the Deposit 
Insurance Fund (DIF) at 1.25 percent of estimated insured deposits.\1\ 
The 2010 DRR of 1.25 percent is unchanged from the 2009 DRR.\2\ The 
Board is publishing this notice as required by section 7(b)(3)(A)(i) of 
the Federal Deposit Insurance Act (12 U.S.C. 1817(b)(3)(A)(i)).\3\
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    \1\ Section 7(b)(3)(C) of the FDI Act provides that, in setting 
the DRR for any year, the Board must: ``(i) take into account the 
risk of losses to the Deposit Insurance Fund in such year and future 
years, including historic experience and potential and estimated 
losses from insured depository institutions; (ii) take into account 
economic conditions generally affecting insured depository 
institutions so as to allow the designated reserve ratio to increase 
during more favorable economic conditions and to decrease during 
less favorable economic conditions, notwithstanding the increased 
risks of loss that may exist during such less favorable conditions, 
as determined to be appropriate by the Board of Directors; (iii) 
seek to prevent sharp swings in the assessment rates for insured 
depository institutions; and (iv) take into account such other 
factors as the Board of Directors may determine to be appropriate, 
consistent with the requirements of this subparagraph.'' 12 U.S.C. 
1817(b)(3)(C).
    \2\ The DRR is indicated in section 327.4(g) of the FDIC's 
regulations. 12 CFR 327.4(g). There is no need to amend this 
provision because, as noted, the DRR for 2010 is the same as the 
current DRR.
    \3\ The applicable provision of the FDI Act requires notice-and-
comment rulemaking only when the Board changes the DRR. 12 U.S.C. 
1817(b)(3)(A)(ii).

FOR FURTHER INFORMATION CONTACT: Munsell W. St. Clair, Chief, Banking 
and Regulatory Policy Section, Division of Insurance and Research, 
(202) 898-8967; or Christopher Bellotto, Counsel, Legal Division, (202) 
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898-3801.

    By order of the Board of Directors.

    Dated at Washington, DC, this 17th of December, 2009.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E9-30423 Filed 12-22-09; 8:45 am]
BILLING CODE 6714-01-P