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Most banks set to pay less to FDIC
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Banking
Thursday, October 22, 2015
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At a meeting of the Federal Deposit Insurance Corp. (FDIC) board, staff informed the board that the Deposit Insurance Fund reserve ratio was projected to reach its minimum standards as soon as the end of the year. With that would come huge savings to community banks whose assessments have helped raise the DIF since 2009. However, the FDIC also issued a proposed rule to improve the DIF further, meaning some banks might not see as big of a reduction in their assessment as others. Read on to see what your assessment soon may look like.
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