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Deposit Insurance Assessments
For Mergers on or before March 31, 2011
Pro Rata Merger Payment - If the surviving institution filed its Call Report using the Average Daily Deposit method of reporting, then there was an additional, pro-rated assessment payment for the outgoing institution included in the acquiring surviving institution’s invoice for the quarter in which the merger occurred.The reason an average filer received a pro-rata billing for the quarter in which the merger occurred is that the average filer averaged their deposits for the days in the quarter before the merger with the combined deposits of both institutions for the days on and after the merger. Therefore, their average assessment base was lower than their quarter end base and the average base was used to compute the invoice. The pro-rata billing ensured that deposit insurance coverage was paid on all deposits from both institutions for all the days in the quarter and ensured the invoice billing for an average filer involved in a merger is comparable to the invoice billing for a quarter end filer involved in a merger.