" strDisclaimer += "The Federal Deposit Insurance Reform Act of 2005 (the Reform Act) required that the Federal Deposit Insurance Corporation (the FDIC) prescribe final regulations, after notice and opportunity for comment, to provide for deposit insurance assessments under section 7(b) of the Federal Deposit Insurance Act.
" strDisclaimer += "Pursuant to this requirement, the FDIC approved on October 7, 2008, a proposed rule on risk-based assessments. This calculator illustrates how an institution’s assessment rate would be determined (which is discussed more fully in the final rule).
" strDisclaimer += "The calculator does not purport to predict actual assessment rates for any institution and should not be so construed. As noted under “User Information,” the purpose of this workbook is to allow an institution to determine what its assessment rate would be under the proposed rules based on its recent data and the new assessment rate schedule, and to simulate how a change in the value of long-term debt issuer ratings, supervisory ratings, or financial ratios may affect its assessment rate. As data change, rates may change. In addition, the rates that the FDIC may adopt for future assessment periods may differ from those shown. The workbook also does not take into account the effect of one-time assessment credits on what an institution may pay.
" strDisclaimer += "
" myWin.document.write(strDisclaimer) } function popwindow () { var strDisclaimer, url var myWin = window.open("","window1", "menubar=no,width=550,height=460,toolbar=no, scrollbars=yes"); var url = '"/deposit/insurance/initiative/Assessment_Rate_Calculator.zip"' strDisclaimer = "The Assessment Rate Calculator Disclaimer" strDisclaimer += "The Federal Deposit Insurance Reform Act of 2005 (the Reform Act) required that the Federal Deposit Insurance Corporation (the FDIC) prescribe final regulations, after notice and opportunity for comment, to provide for deposit insurance assessments under section 7(b) of the Federal Deposit Insurance Act.
" strDisclaimer += "Pursuant to this requirement, the FDIC approved on November 2, 2006, a final rule on risk-based assessments. This calculator illustrates how an institution’s assessment rate would be determined (which is discussed more fully in the final rule). The calculator applies only to institutions that are well capitalized and generally have composite CAMELS ratings of 1 or 2 (i.e., institutions that are in the new Risk Category I, which corresponds to the former 1A risk category).
" strDisclaimer += "The calculator does not purport to predict actual assessment rates for any institution and should not be so construed. As noted under “User Information,” the purpose of this workbook is to allow an institution to determine what its assessment rate would be under the final rules based on its recent data and the new assessment rate schedule, and to simulate how a change in the value of long-term debt issuer ratings, supervisory ratings, or financial ratios may affect its assessment rate. As data change, rates may change. In addition, the rates that the FDIC may adopt for future assessment periods may differ from those shown. The workbook also does not take into account the effect of one-time assessment credits on what an institution may pay.
" strDisclaimer += "
" myWin.document.write(strDisclaimer) } function popwindow2 () { var strDisclaimer, url var myWin = window.open("","window2", "menubar=no,width=580,height=645,toolbar=no, scrollbars=yes"); var url = '"/deposit/insurance/initiative/Credit_List.zip"' strDisclaimer = "One-time Assessment Credit Report as of May 25, 2007 - Notice and Disclaimer" strDisclaimer += "Notice: This site is informational only. FDIC-insured institutions should download the official statement via FDICconnect.
" strDisclaimer += "The Federal Deposit Insurance Reform Act of 2005 allows \"eligible insured depository institutions\" to share a one-time assessment credit pool of approximately $4.7 billion. The FDIC issued a final rule (HTML | PDF - 100kb)on the One-Time Assessment Credit published on October 18, 2006. (71 Fed. Reg. 61374) (See also FDIC FIL-93-2006) All institutions have been provided a Statement of One-Time Credit via FDICconnect.
" strDisclaimer += "To be eligible for the one-time credit, an institution must have been in existence on December 31, 1996, and have paid a deposit insurance assessment prior to that date, or be a \"successor\" to such an institution. The final rule defines a \"successor\" as the resulting institution in a merger or consolidation or the acquiring institution under a de facto rule. The de facto rule recognizes a transfer of at least 90 percent of an institution's assets and deposit liabilities as a substantial divestiture of the transferring institution's business. An institution deemed a \"successor\" under this rule acquires a pro rata share of the transferring institution's assessment base ratio, for purposes of determining the one-time assessment credit.
"
strDisclaimer += "Each eligible institution's share of the assessment credit pool was calculated by dividing its December 31, 1996, assessment base by the combined assessment base of all eligible institutions. Assessment credits will be applied to reduce deposit insurance assessments. The FDIC one-time assessment credit report provides credit amounts as of May 25, 2007, for all institutions that have credits based on the final rule and data (including merger information) in the FDIC's records. The information is subject to change.
" strDisclaimer += "If you have any questions about your credit amount, please contact the FDIC at 1-800-759-6596 or assessments@fdic.gov.
" strDisclaimer += "
" myWin.document.write(strDisclaimer) }