Deposit Insurance Fund Goal Ahead of Schedule

The Deposit Insurance Fund’s reserve ratio is on track to reach 1.35 percent in 2018, two years earlier than required by statute, according to the agency. As of Dec. 31, 2016, the ratio was 1.2 percent. According to FDIC official Doreen Eberley at ABA’s Government Relations Summit this morning, once the ratio reaches 1.38 percent, the FDIC will apply credits for sub-$10 billion banks’ share of the cost of bringing the ratio from 1.15 percent to 1.35 percent against their deposit insurance assessments.