FDIC Proposes Imposition of Surcharge on Quarterly Assessments (Fed. Reg.)

The FDIC's proposal for the imposition of a surcharge on the quarterly assessments of insured depository institutions was published in the Federal Register. The surcharge would apply only to institutions with total consolidated assets of $10 billion or more.

The surcharges would begin with the calendar quarter after the reserve ratio of the Deposit Insurance Fund first reached or exceeded 1.15 percent - the same time at which the lower regular deposit insurance assessment rates takes effect - and would continue through the quarter during which the reserve ratio first reached or exceeded 1.35 percent.

Comments on the proposal must be submitted by January 5, 2016.