Sample Invoices
are below:
Billing & Payment
Deposit insurance assessments are collected quarterly. All net invoice payments are collected by Automated Clearing House (ACH) Direct Debit. See Payment Information.
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.
Assessment Base
The assessment base is Average Consolidated Assets (Schedule RC-O, line item 4) less Average Tangible Equity (Schedule RC-O, line item 5) less allowable deductions for a custodial or banker’s bank. Please see the Sample Invoices above for this computation. However, if a negative amount is reported for Average Tangible Equity, this amount is not used in the assessment base calculation since subtracting a negative would increase the base amount. Therefore, in this instance, the assessment base is the institution’s Average Consolidated Assets less allowable deductions for a custodial or banker’s bank.
Amendments & Adjustments
If an institution files an amendment to its Report of Condition and Income (“Call Report”), within the 3-year Statute of Limitations, and the amendment affects the assessment computation, an adjustment amount will appear on an upcoming invoice. No other action is required by the institution for the adjustment to occur. The amendment will flow from the Call Report system to the assessment system and an adjustment amount will be computed and reflected on an upcoming invoice. These are the adjustment codes that most frequently appear on the invoice along with an explanation of assessment periods indicated for adjustments: adjustments codes and assessment periods.
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.