FDIC Chairman Martin J. Gruenberg said
This rule will allow future assessments to better differentiate riskier banks from safer banks. Using the FDIC's experience during the recent financial crisis, this rule will better allocate the costs of maintaining a strong Deposit Insurance Fund. Taken together with the overall decline in rates approved by the Board in 2011 that will occur once the reserve ratio reaches 1.15%, more than 93% of small banks will pay lower assessment rates.
The final rule is revenue neutral, so that aggregate assessment revenue collected from established small banks is expected to be approximately the same as it would have been otherwise. The FDIC has revised the online assessment calculator to reflect this change.
The final rule will be used to determine assessment rates for small banks beginning the quarter after the Deposit Insurance Fund reserve ratio reaches 1.15%, but no earlier than the third quarter of this year.
Read the final rule