For problem institutions, is the assessment rate on the noninterest bearing balances in excess of $250,000 10 basis points, or the higher rate normally applied to problem banks?
Every institution, regardless of risk category, will be charged its normal quarterly risk-based deposit insurance assessment. That assessment will equal its assessment rate times its assessment base (which is almost equal to total domestic deposits). In addition to this assessment, an institution that has not opted out of the deposit guarantee portion of the TLGP will pay 10 basis points on non-interest bearing transaction account balances in excess of $250,000.
Related Questions
- For problem institutions, is the assessment rate on the noninterest-bearing balances in excess of $250,000 10 basis points, or the higher rate normally applied to problem banks?
- For problem institutions, is the assessment rate on the noninterest bearing balances in excess of $250,000 10 basis points, or the higher rate normally applied to problem banks?
- How is the assessment rate set each year?
