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FDIC to Refund $5.7 Billion to Banks in Prepaid Assessments

Posted on 4/15/2013

The FDIC has announced that it will return $5.7 billion in prepaid assessments to banks by June 30 because of the rapid improvement of the Deposit Insurance Fund (DIF) and the resolution of the FDIC's immediate liquidity needs. The DIF reserve ratio is on track to reach the statutory minimum target of 1.35 percent by the Sept. 30, 2020, deadline, the FDIC said.

To read more visit: http://fdic.gov/news/board/2013/2013-04-11_notice_dis_mem.pdf



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