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Regulatory Information
2006_register
executive
2010-09-22
article
Assessments
Proposed Rules
D09002ee1bde1be83
D09002ee1bde1bf02
United States
Federal Deposit Insurance Corporation
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United States Government Agency or Subagency
The FDIC proposes to amend 12 CFR part 327 to make the deposit insurance assessment system react more quickly and more accurately to changes in institutions' risk profiles, and in so doing to eliminate several causes for complaint by insured depository institutions. The proposed revisions would provide for assessment collection after each quarter ends, which would allow for consideration of more current supervisory information. The computation of institutions' assessment bases would change in the following ways: institutions with $300 million or more in assets would be required to determine their assessment bases using average daily deposit balances, and the float deduction used to determine the assessment base would be eliminated. In addition, the rules governing assessments of institutions that go out of business would be simplified; newly insured institutions would be assessed for the assessment period they become insured; prepayment and double payment options would be eliminated; institutions would have 90 days from each quarterly certified statement invoice to file requests for review and requests for revision; the rules governing quarterly certified statement invoices would be adjusted for a quarterly assessment system and for a three-year retention period rather than the present five-year period.
71 FR 28790
https://www.govinfo.gov/app/details/FR-2006-05-18/06-4657
06-4657
fr18my06-15
6714-01-P
https://www.govinfo.gov/app/details/FR-2006-05-18/06-4657
https://www.govinfo.gov/content/pkg/FR-2006-05-18/html/06-4657.htm
https://www.govinfo.gov/content/pkg/FR-2006-05-18/pdf/06-4657.pdf
Bank Deposit Insurance
Banks
Banking
Savings Associations
15 p.
28790
28804
71 FR 28790
Code of Federal Regulations
Title 12 Part 327
12 CFR Part 327
Assessments; Federal Register Vol. 71, Issue
PRORULE
06-4657
FEDERAL DEPOSIT INSURANCE CORPORATION
2006-07-17
6714-01-P
06-4657
Notice of proposed rulemaking and request for comment.
The FDIC proposes to amend 12 CFR part 327 to make the deposit insurance assessment system react more quickly and more accurately to changes in institutions' risk profiles, and in so doing to eliminate several causes for complaint by insured depository institutions. The proposed revisions would provide for assessment collection after each quarter ends, which would allow for consideration of more current supervisory information. The computation of institutions' assessment bases would change in the following ways: institutions with $300 million or more in assets would be required to determine their assessment bases using average daily deposit balances, and the float deduction used to determine the assessment base would be eliminated. In addition, the rules governing assessments of institutions that go out of business would be simplified; newly insured institutions would be assessed for the assessment period they become insured; prepayment and double payment options would be eliminated; institutions would have 90 days from each quarterly certified statement invoice to file requests for review and requests for revision; the rules governing quarterly certified statement invoices would be adjusted for a quarterly assessment system and for a three-year retention period rather than the present five-year period.
Comments must be received on or before July 17, 2006.
Munsell W. St. Clair, Senior Policy Analyst, Division of Insurance and Research, (202) 898-8967; Donna M. Saulnier, Senior Assessment Policy Specialist, Division of Finance, (703) 562-6167; and Christopher Bellotto, Counsel, Legal Division, (202) 898- 3801.
Bank Deposit Insurance
Banks
Banking
Savings Associations
Assessments:
Quarterly assessment collection and three-year retention period,
Comments@FDIC.gov
http://www.fdic.gov/regulations/laws/federal.propose.html
http://www.fdic.gov/regulations/laws/federal/propose.html
http://www.federalreserve.gov/pubs/check21/shouldknow.htm
http://www.treasuryandrisk.com
Federal Register
Vol. 71, no. 96
Office of the Federal Register, National Archives and Records Administration
2006-05-18
continuing
daily
deposited
born digital
313 p.
Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
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https://www.govinfo.gov/app/details/FR-2006-05-18
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https://www.govinfo.gov/app/details/FR-2006-05-18
https://www.govinfo.gov/content/pkg/FR-2006-05-18/pdf/FR-2006-05-18.pdf
https://www.govinfo.gov/content/pkg/FR-2006-05-18/xml/FR-2006-05-18.xml
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2010-09-22
2023-05-03
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FR-2006-05-18
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