Ceding to ABA’s request, the FDIC agreed to rebate outstanding assessment credits after these have applied against premiums for four quarters—instead of waiting for eight quarters.
In a comment letter to the FDIC today, the American Bankers Association again called on the agency to return deposit insurance assessment credits owed to banks as expeditiously as possible, so that they can support the institutions’ lending and liquidity.
ABA today welcomed the FDIC’s proposal to set how it applies deposit insurance assessment credits and urged the FDIC to “return the credit funds as expeditiously as is feasible to those banks to which they are due.”
The FDIC today proposed to amend its rule that determines when assessment credits can be used.
The FDIC today approved two long-awaited final rules to resolve workability issues with its deposit insurance regulations.
In a joint comment letter with the Bank Policy Institute and the Consumer Bankers Association yesterday, ABA offered support for a recent FDIC proposal seeking to make changes to Part 370 of its regulations for “recordkeeping for timely deposit insurance determination.”
The American Bankers Association today joined the Consumer Bankers Association and the Bank Policy Institute in a letter to the FDIC supporting a recent proposal to change Part 330 of its deposit insurance regulations.
The FDIC board today approved two proposals to resolve workability issues with its deposit insurance regulations.
As the agencies prepare to finalize the framework for the community bank leverage ratio, the FDIC has issued a proposal for how it will assess banks for deposit insurance that elect to use the CBLR framework.
The American Bankers Association today offered several recommendations on how the FDIC can modify the deposit insurance application process for community banks.