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Small banks to pay less as FDIC finalizes DIF rule
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Banking, Financial Stability, Legislation
Friday, April 29, 2016
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The Federal Deposit Insurance Corp. Board of Directors approved a final rule amending the way small banks will be assessed for deposit insurance. It has been projected that, with including the overall decline in rates approved by the FDIC Board in 2011 that will occur once the reserve ratio for the Deposit Insurance Fund (DIF) reaches 1.15 percent, more than 93 percent of small banks will pay lower assessment rates. Read on to learn more about the finalized rule and the latest revisions to the Financial Institution Employee’s Guide to Deposit Insurance.
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