FDIC FAQs-How will IDIs be assessed for the cost of the temporary full deposit insurance coverage for noninterest-bearing transaction accounts?

Compliance > Deposit Operations > FDIC FAQs on Insurance and Payment of Interest on Demand Deposit Accounts

Q:  How will IDIs be assessed for the cost of the temporary full deposit insurance

coverage for noninterest-bearing transaction accounts?

A:  Because the Dodd-Frank Deposit Insurance Provision establishes a new, although

temporary, form of deposit insurance coverage rather than a separate program for these

accounts, there will be no separate assessment (or premium) for this insurance.

This can be found in - FAQ#17 of FDIC’s FAQs.  FDIC’s FAQs can be found at: http://www.fdic.gov/deposit/deposits/unlimited/faq.pdf

Add Feedback