Assessments, Revised Deposit Insurance Assessment Rates

Title: Assessments, Revised Deposit Insurance Assessment Rates
Subject: Assessment rates; deposit insurance
Agency: FDIC
Proposed rule

The FDIC is seeking comment on a proposed rule that would increase initial base deposit insurance assessment rates by 2 basis points, beginning with the first quarterly assessment period of 2023. The proposal would increase the likelihood that the reserve ratio would reach the required minimum level of 1.35 percent by the statutory deadline of September 30, 2028, consistent with the FDIC’s Amended Restoration Plan, and is intended to support growth in the Deposit Insurance Fund (DIF or fund) in progressing toward the FDIC’s long-term goal of a 2 percent Designated Reserve Ratio (DRR).

FR Doc: 2022-13578
Date proposed: June 21, 2022
Comments due date: Aug. 20, 2022
Effective date:

Rule compliance date:
Agency release:
Related Reg Report item(s):

Banks will face 2bp more in deposit insurance assessment rates under proposal