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

Assessment Invoicing

Sample Invoice - A sample invoice packet is below and includes:

• The FDIC and FICO assessment computations;
• The Assessment Rate Calculation Sheet;
• The Summary Statement of Assessment Credits; and
• The invoice guidelines.
  

Sample Invoice - .PDF 75kb

Billing & Payment - Deposit insurance assessments are collected quarterly. All net invoice payments are collected by Automated Clearing House (ACH) Direct Debit.

Signature Confirmation - Do not return the invoice if you agree with it. If you disagree with the information on the invoice, correct the information on the invoice and return it to the address provided on the invoice within 90 days of the invoice date.

Amendments & Adjustments - If your institution has filed an amendment to its Report of Condition and Income (“Call Report”) or Thrift Financial Report (“TFR”), no further action is necessary to have the amendment reflected on your invoice. The amendment will flow from the Call Report system to the assessment system and an adjustment will be reflected on an upcoming invoice. An amendment to a TFR, that is beyond the deadline for changes but within the three year statute of limitations on changing assessments, can be sent directly to the FDIC at the address shown on the assessment invoice. Adjustment codes that most often appear on the invoice when amendments have occurred include:

011- Financial Data Change encompasses the following:

• Deposit Data Change - Change(s) to Report of Condition & Income (Call Report) or Thrift Financial Report (TFR) line items affecting the assessment base amount when the base is computed using deposits. For reporting periods from March 31, 2007 through March 31, 2011, this change refers to Call Report Schedule RC-O line items 1, 2, 3, 4, 5, and 6; and to TFR Schedule DI line items 510, 520, 530, 540, 550, and 560.


• Asset or Equity Data Change - Change(s) to Call Report or TFR line items affecting the assessment base amount when the base is computed using assets.  This change is applicable beginning with the June 30, 2011 quarterly report data.  This change refers to Call Report Schedule RC-O line items 4 and 5; and to TFR Schedule DI line items 521 and 524.


• Banker's Bank Data Change - Change(s) to Call Report or TFR line items affecting a Banker’s Bank’s eligibility and/or deductions from the assessment base when the base is computed using assets. This change is applicable beginning with the June 30, 2011 quarterly report data.  This change refers to Call Report Schedule RC-O line items 10, 10a., and 10b.; and to TFR Schedule DI line items 659, 661, and 662.


• Custodial Bank Data Change - Change(s) to Call Report or TFR line items affecting a Custodial Bank’s eligibility and/or deductions from the assessment base when the base is computed using assets. This change is applicable beginning with the June 30, 2011 quarterly report data.  This change refers to Call Report Schedule RC-O line items 11, 11a., and 11b.; and to TFR Schedule DI line items 663, 664, and 665.

013 - Custodial Bank Eligibility Change - A change in a Custodial Bank’s eligibility status.

024 - TAGP Data Change - Change(s) to Call Report or TFR line items affecting a prior period Transaction Account Guarantee Program assessment base amount. For reporting periods from December 31, 2008 through December 31, 2010, this change refers to Call Report Schedule RC-O line items M.4.a. and M.4.b.; and to TFR Schedule DI line items 570 and 575.

031 - Risk Classification Rating Change - A change to a Risk Classification rating resulting in a change to a prior period assessment due amount.

1. Invoices paid between June 30, 2007, and June 30, 2009



• For institutions in Risk Category I (the only category that had a scale of rates during this time period), change(s) to the CAMELS ratings, and change(s) to the Call Report or TFR line items that result in changes to the financial ratios, could move the institution’s rate within the rate scale.
  
  
• Change(s) to the CAMELS ratings, and change(s) to the Call Report or TFR line items that result in changes to the financial ratios, could cause any institution to change Risk Category. See Supervisory & Capital Groups for category definitions.


2. Invoices paid after June 30, 2009
   
   
• For institutions in Risk Category I (the only category that has a scale of base rates), change(s) to CAMELS ratings, and change(s) to the Call Report or TFR line items that result in changes to the financial ratios, could move the institution’s rate within the base rate scale.


• Change(s) to CAMELS ratings, and change(s) to the Call Report or TFR line items that result in changes to the financial ratios, could cause any institution to change Risk Category. See Supervisory & Capital Groups for category definitions.


• Change(s) to CAMELS ratings, and change(s) to Call Reports or TFRs line items for the June 30, 2009, and later report dates, could also affect the base adjustments which determine the final rate an institution receives in any of the Risk Categories. See Risk Categories & Risk-Based Assessment Rates for more information on base adjustments.

034 - TAGP Rate Change - A change to an institution’s risk rating (see code 031 above) can also result in a change to a prior period TAGP rate for Periods ET-1 (debit date 06/30/2010) through EU-2 (debit date March 30, 2011).  For more information on the correlation between TAG rates and risk category, please see Financial Institution Letter FIL-48-2009.

078 – Change to the Special Assessment Computation – Changes to the June 30, 2009, Call Report or TFR can result in changes to the Special Assessment collected on the September 30, 2009, invoice. For more information on the Special Assessment, please see below.

314 – New Institution Adjustment – Pro-rata deduction given to a newly insured institution for the quarter in which the institution becomes insured.  The pro-rata deduction is effective with institutions that became insured on or after April 1, 2011.

FDICconnect - Since March 2005, invoices are only available through FDICconnect. That is, invoices are not mailed, emailed, or faxed. Only an institution’s FDICconnect Coordinator or authorized user can download the invoice. For more information on FDICconnect, or to download additional copies of current and previous invoices, go to: FDICconnect.gov.

Special Collections & Credits

Prepaid Assessment – On November 12, 2009, the FDIC adopted a final rule imposing a 13-quarter prepayment of FDIC premiums. The prepayment amount was included with the December 30, 2009, invoice and was an estimated prepayment for the fourth quarter of 2009 through the fourth quarter of 2012. The prepayment amount offsets FDIC premiums beginning with the March 2010 invoice through the March 2013 invoice. If the prepayment amount is exhausted prior to paying the March 2013 invoice, an institution will pay in cash earlier than anticipated. If an institution has a prepayment amount remaining after paying the March 2013 invoice, the excess will be refunded on the June 2013 invoice. The prepayment is applicable to FDIC premiums only, institutions continue to pay for the FICO assessment. For more information, see FIL-63-2009.

Special Assessment - On May 22, 2009, the FDIC adopted a final rule imposing a 5 basis point special assessment on each insured depository institution's assets minus Tier 1 capital as of June 30, 2009. The amount of the special assessment for any institution cannot exceed 10 basis points times the institution's deposit insurance assessment base for the second quarter 2009. This special assessment was included with the September 30, 2009, invoice. For more information, see FIL-23-2009.

One-Time Assessment Credit ("OTAC") - The Federal Deposit Insurance Reform Act of 2005 authorized eligible insured depository institutions to share a one-time assessment credit pool of approximately $4.7 billon. Click here OTAC for more information.

Temporary Deposit Insurance Program

Recent amendments to the FDI Act provide full deposit insurance coverage for noninterest-bearing transaction accounts and IOLTAs beginning December 31, 2010, for a two-year period.

• This program applies to all insured depository institutions and, unlike the FDIC's TLGP TAG program, no opt outs are permitted and low-interest NOW accounts are not covered.
• There is no separate assessment applicable on these covered accounts but all institutions will be required to report qualifying accounts beginning on December 31, 2010, for purposes of quantifying the FDIC's exposure under this program.
• The program requires each insured institution that offers noninterest-bearing transaction accounts and/or IOLTAs to prominently post a notice in its office lobbies and on its Web sites that explains that all funds held in these type of accounts are fully insured without limit through December 31, 2012, and that this coverage is separate from, and in addition to, the coverage provided to depositors for other accounts at an insured institution.

 As a result of these amendments, the FDIC decided to not extend its TAG program which ended on December 31, 2010.

For more information on the new temporary deposit insurance program, please see the Final Rule.  Also see the TLGP page and Financial Institution Letters FIL-76-2010 and FIL-02-2011.