Each depositor insured to at least $250,000 per insured bank

New Institutions

Method of Assessment Computation

FDIC

Newly insured institutions are defined as any bank or thrift that has not been chartered for at least five years as of the last day of any quarter for which it is being assessed. There are three exceptions to the newly insured definition as found in Section 327.8(m); all other newly insured institutions are assessed as outlined below.

1. Effective January 1, 2010, (that is, beginning with the June 2010 invoice) any new institution in Risk Category I, regardless of whether it has CAMELS component ratings or not, is assessed at the maximum initial base assessment rate applicable to Risk Category I institutions and subject to item #2 below. Invoicing at the maximum initial base assessment rate for a Risk Category I newly insured institution continues until the institution has become an established federal depository institution. An established institution is one that has been federally insured for at least five years as of the last day of any quarter for which it is being assessed. For example, an institution that became insured on December 15, 2008, and remained in Risk Category I, will pay at the maximum initial base assessment rate through and including invoice payment date Monday December 30, 2013.
2. Either before or after January 1, 2010:
   • no new institution, regardless of risk category, is subject to the unsecured debt adjustment;
   • any new institution, regardless of risk category, is subject to the depository institution debt adjustment (DIDA); and
   • a new institution in Risk Categories II, III or IV is subject to the brokered deposit adjustment.

   After January 1, 2010, no new institution in Risk Category I is subject to the large bank adjustment.

For the current FDIC rates for New Institutions go to: FDIC Assessment Rates. For more information on the pricing adjustments discussed above, please go to the Assessment Rate Calculator, and open the applicable calculator, enable the macros, then click on the Pricing Adjustments tab at the bottom of the screen.

FICO
• All insured institutions are obligated to pay the FICO assessment. The FICO assessment rate is set quarterly and applied to the assessment base.  All insured institutions pay the same FICO rate each quarter, that is, the FICO rate is not dependent on Risk Classification. See FICO and the Assessments Invoice section for more information.

Initial Invoice
Newly insured institutions are assessed beginning with the quarter in which they become insured. For example:

*The initial invoice is pro-rated for the number of days an institution is open in its first quarter. The method used to pro-rate the initial invoice depends on the date the institution became insured.  Please see below.

Assessment Base Reporting
Any institution that became newly insured by the FDIC on or after April 1, 2007, must report daily averages beginning with its March 31, 2008, Report of Condition.

Institutions that became insured on or before March 31, 2011 - When average deposits are reported in the first report the institution files after becoming FDIC-insured, the institution averages zero dollars for the days prior to becoming insured with the dollar amounts for the days the institution was in operation during the quarter, effectively pro-rating the first quarter’s assessment base.

Institutions that became insured on or after April 1, 2011 -  When average assets are reported in the first report the institution files after becoming FDIC-insured, the institution must report dollar amounts for each day in the quarter.  The FDIC will apply a pro-rated computation to the institution’s invoice for the first insured quarter to reflect the number of days it was insured during the period.