View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
FDIC RIN: 3064-AD49 Publication ID: Fall 2010 
Title: Prepaid Assessments 
Abstract: Pursuant to 12 U.S.C. section 1817(b), the FDIC is amending 12 CFR part 327 to require insured institutions to prepay their estimated quarterly risk-based assessments for the fourth quarter of 2009, and for all of 2010, 2011, and 2012. The prepaid assessment for these periods was collected on December 30, 2009, along with each institution's regular quarterly risk-based deposit insurance assessment for the third quarter of 2009. For the fourth quarter of 2009 and for all of 2010, the prepaid assessment rate would be based on each institution's total base assessment rate for the third quarter of 2009, modified to assume that the assessment rate in effect for the institution on September 30, 2009, had been in effect for the entire third quarter of 2009. The prepaid assessment rate for 2011 and 2012 would be equal to that institution's modified third quarter 2009 total base assessment rate plus 3 basis points. Each institution's prepaid assessment base would be calculated using its third quarter 2009 assessment base, adjusted quarterly for an estimated 5 percent annual growth rate in the assessment base through the end of 2012. 
Agency: Federal Deposit Insurance Corporation(FDIC)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 327.12   
Legal Authority: 12 USC 1441    12 USC 1813    12 USC 1815    12 USC 1817 to 1819   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  10/02/2009  74 FR 51063   
NPRM Comment Period End  10/28/2009    
Final Rule  11/17/2009  74 FR 220   
Additional Information: Follow instructions for submitting comments on the Agency Web Site.
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.fdic.gov/regulations/laws/  
RIN Data Printed in the FR: No 
Related RINs: Related to 3064-AD52, Related to 3064-AD51 
Agency Contact:
Robert C. Oshinsky
Senior Financial Economist
Federal Deposit Insurance Corporation
Washington, DC 20429
Phone:202 898-3813

Diane Saulnier
Federal Deposit Insurance Corporation
Arlington, VA 22226
Phone:703 562-6167

Christopher Bellotto
Counsel
Federal Deposit Insurance Corporation
550 17th Street N.W.,
Washington, DC 20429
Phone:202 898-3801
Email: cbellotto@fdic.gov