Monday, July 21, 2014

Fwd: FIL-37-2014: Assessments - Notice of Proposed Rulemaking



---------- Forwarded message ----------
From: FDIC Subscriptions <subscriptions@fdic.gov>
Date: Tue, Jul 15, 2014 at 11:19 AM
Subject: FIL-37-2014: Assessments - Notice of Proposed Rulemaking
To: iammejtm@gmail.com


Financial Institution Letter

Assessments:
Notice of Proposed Rulemaking
FIL-37-2014
7/15/2014

Summary:

On July 15, 2014, the FDIC approved the attached Notice of Proposed Rulemaking (NPR) that would revise the FDIC's risk-based deposit insurance assessment system to reflect changes in the regulatory capital rules that go into effect in 2015 and 2018. For deposit insurance assessment purposes, the NPR would (1) revise the ratios and ratio thresholds relating to capital evaluations, (2) revise the assessment base calculation for custodial banks, and (3) require that all highly complex institutions measure counterparty exposure for assessment purposes using the standardized approach in the regulatory capital rules. The NPR proposes two effective dates for item 1: January 1, 2015, and January 1, 2018. The NPR proposes an effective date of January 1, 2015, for items 2 and 3. Comments on the NPR are due 60 days following publication of the NPR in the Federal Register.

Statement of Applicability to Institutions Under $1 Billion in Total Assets: This Financial Institution Letter applies to FDIC-insured institutions as follows: Item 1 applies to all institutions including those institutions under $1 billion in total assets, item 2 applies to all custodial banks including those institutions under $1 billion in total assets, and item 3 does not apply to institutions under $1 billion in total assets.

Distribution:
All FDIC-Insured Institutions

Complete Financial Institution Letter: http://www.fdic.gov/news/news/financial/2014/fil14037.html

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