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Article: FDIC reports reserve ratio moves above statutory level

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Bank News
Article date:
October 1, 2002
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The FDIC, in its Quarterly Banking Profile, confirmed that the Bank Insurance Fund (BIF) reserve ratio rose to 1.26% at the end of June, slightly above the statutory managed Designated Reserve Ratio (DRR) target of 1.25%. The FDIC said the increase in the BIF reserve ratio in the second quarter resulted from both an increase in the BIF balance and a decrease in BIF-- insured deposits.

When the FDIC board meets later this year to set deposit insurance premium rates for the first half of 2003, the June 30 ratio may be the most current available.

However, the FDIC said, the board will not be limited solely to looking at the BIF reserve ratio. Although the Sept. 30 ratio may not be final, the ...

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