Federal Register #RIN 3064AG27

FDIC Proposed Rule: Amendments to Deposit Insurance Assessment Regulations

This opportunity involves a proposed rulemaking by the Federal Deposit Insurance Corporation (FDIC) to amend deposit insurance assessment regulations. - Government Buyer: - Federal Deposit Insurance Corporation (FDIC) - No OEMs, vendors, or commercial products/services are mentioned, as this is a regulatory policy proposal. - Key Elements of the Proposed Rule: - Updates the asset threshold for defining small and large institutions from $10 billion to $30 billion, with future inflation adjustments every four years. - Decreases initial base deposit insurance assessment rates by 2 basis points for small institutions and by 1 basis point for large and highly complex institutions. - Introduces a downward resolution readiness adjustment for large and highly complex institutions: - 0.5 basis points for passing virtual data room testing - 0.5 basis points for providing prescribed data access - Removes obsolete regulatory provisions from the regulations. - No procurement of products or services is involved; this is a policy change proposal.

Description

The Federal Deposit Insurance Corporation (FDIC) proposes to amend assessment regulations to update the asset threshold defining small and large institutions from $10 billion to $30 billion, with adjustments every four years for inflation. The proposal includes decreasing initial base deposit insurance assessment rates by 2 basis points for small institutions and 1 basis point for large and highly complex institutions. It also introduces a downward resolution readiness adjustment for large and highly complex institutions that meet certain data access and testing criteria. Additionally, the FDIC plans to remove obsolete provisions from the regulations.

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