The recent establishment of a special
assessment for certain federally insured depository institutions by the
Federal Deposit Insurance Corp. (FDIC) is more than just a means of
replenishing funds drained from the Deposit Insurance Fund by the most recent
bank failures.
It marks the second move in as many years deemed necessary to stay
on track for meeting the FDIC’s goal to restore the fund’s reserve ratio to its
statutorily required, pre-pandemic level by Sept. 30, 2028.