Summary: | The FDIC Board of Directors has approved the attached final rule to implement Assessment Dividends, as required by the Federal Deposit Insurance Reform Act of 2005. The final rule takes effect on January 1, 2007. |
Highlights: The Reform Act generally requires that the FDIC pay dividends from the Deposit Insurance Fund (DIF) to insured institutions when the DIF reserve ratio at the end of a calendar year exceeds 1.35 percent. The attached final rule:
The FDIC considers it unlikely that the reserve ratio of the DIF will trigger a dividend before this temporary rule expires. Distribution: Suggested Routing: Note: |
Additional Related Topics:
- FDIC Assessments Regulations, 12 CFR 327, Subpart A
- FDIC Dividends Regulations, 12 CFR 327, Subpart C