Request for Rate Review
An institution has the right to request a review of its assessment risk assignment or assessment rate. The FDIC’s regulation is set forth at 12 C.F.R. § 327.4(c).
Possible subjects of a request for review include but are not limited to:
(1) the capital group assigned to an insured depository institution (IDI);
(2) the wrong (not a disputed) CAMELS rating used to determine a risk classification or
assessment rate;
(3) an examination rating transmittal date;
(4) a financial ratio used to calculate the assessment rate (for an institution in Risk
Category I small IDI);
(5) any of the scorecard components applied to a large or highly complex IDI;
(6) any of the adjustments to the initial base assessment rate; or
(7) classification of an IDI as small, large, or highly complex.
The review process is not intended as a means for an institution to dispute either the CAMELS composite or component ratings assigned to the institution by its primary federal regulator. Each federal regulator has established procedures for that purpose.
Requests for review of an assessment risk assignment or assessment rate must be:
- In writing and sent to:
Director, Division of Insurance and Research
Federal Deposit Insurance Corporation
550 17th Street, NW
ATTN: Fund Analysis and Pricing Section
Room 4000
- Requests for review also may be submitted electronically. To ensure confidentiality, requests should be submitted through securemail.fdic.gov, directing the message to RRPSAdministrator@fdic.gov.
- Postmarked or received by the FDIC within 90 days of the date the assessment risk assignment or assessment rate being challenged appears on the institution’s quarterly certified statement invoice.
- Sufficiently documented to support the change sought by the institution.
To ensure proof of mailing, institutions may wish to send requests for review by certified or registered mail.
An institution will be notified in writing of the determination on its request. If an institution’s request is denied, the institution will be advised of its right to appeal that denial to the Assessment Appeals Committee (AAC). Such an appeal must be filed with the AAC within 30 calendar days from the date of the determination letter. Failure to file within the 30-day time frame may result in denial of the appeal by the AAC. If an institution appeals the denial to the AAC, the AAC will conduct a hearing and decide the matter. The institution will be notified in writing of the decision of the AAC. For more information see Deposit Insurance Assessment Appeals: Guidelines & Decisions.
Requests for Revision
An institution has the right to request a revision of its assessment base used in determining the amount of assessments owed, or the computation of the amounts owed, as set forth in 12 C.F.R. § 327.3(f) of the FDIC Rules and Regulations. Possible subjects of a request for revision include: (1) disagreement with an amount included in the assessment base; or (2) an error in the mathematical computation of the quarterly certified statement invoice.
Requests for revision of assessment computations must be:
- In writing and sent to:
Federal Deposit Insurance Corporation
Manager, Treasury Operations
3501 Fairfax Drive, VS-E-5071
Arlington, Virginia 22226
- Requests for revision also may be submitted electronically. To ensure confidentiality, requests should be submitted through securemail.fdic.gov, directing the message to Assessments@fdic.gov.
- Postmarked or received by the FDIC within 90 days of the date of the quarterly certified statement invoice or credit summary statement being challenged.
- Sufficiently documented to support the change sought by the institution.
To ensure proof of mailing, institutions may wish to send requests by certified or registered mail.
An institution will be notified in writing of the determination on its request. If an institution’s request is denied, the institution will be advised of its right to appeal that denial to the Assessment Appeals Committee (AAC). Such an appeal must be filed with the AAC within 30 calendar days from the date of the determination letter. Failure to file within the 30-day time frame may result in denial of the appeal by the AAC. If an institution appeals the denial to the AAC, the AAC will conduct a hearing and decide the matter. The institution will be notified in writing of the decision of the AAC. For more information see Deposit Insurance Assessment Appeals: Guidelines & Decisions.