Magazine article from our research archive:

The FDIC Board of Directors

The FDIC Board of Directors has voted to keep the assessment rates charged to insured banks and savings associations for the Deposit Insurance Fund unchanged for 2008. The existing assessment rate schedule is 5 to 43 basis points per year; most institutions will be charged a rate between 5 and 7 basis points, the FDIC said.

The FDIC said this decision to leave rates unchanged this year is consistent with the board's objective to increase the reserve ratio to the Designated Reserve Ratio of 1.25 percent before the end of 2009. The fund stood at 1.22 percent of estimated insured deposits at yearend 2007, up from 1.21 percent at the end of 2006. According to FDIC staff, with expected insured ...

Related newspaper, magazine, and journal articles:

See all results. Or, try our Advanced Search.

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 60 million articles! Access over 3,500 publications with a FREE trial!