FDIC Seeks Comment on Proposal to Refine Assessments on Small Banks for Deposit Insurance

The Board of Directors of the Federal Deposit Insurance Corporation ("FDIC") solicited comment on a proposed revision to 12 CFR part 327 to refine the deposit insurance assessment for small insured depository institutions that have been federally insured for at least 5 years.

FDIC Chair Gruenberg stated that the revised proposal "would allow assessments to better differentiate riskier banks from safer banks . . . and would allocate the costs of maintaining a strong Deposit Insurance Fund accordingly."

Comments on the proposal must be received by the FDIC no later than 30 days after publication in the Federal Register.