WASHINGTON, Dec. 19 -- Federal Deposit Insurance Corporation has issued a rule called: Special Assessment Collection.
The rule was published in the Federal Register on Dec. 19 by Debra A. Decker, Executive Secretary.
Summary: The Federal Deposit Insurance Corporation (FDIC) has been collecting a special assessment to recover losses arising from the protection of uninsured depositors under the systemic risk exception, as required by statute. To ensure that the FDIC recovers the correct amount of losses while minimizing the risk of overcollecting or undercollecting in aggregate, the FDIC is adopting this interim final rule to reduce the rate at which the special assessment will be collected in the eighth collection quarter from 3.36 basis p...