Alert June 29, 2010

FDIC Postpones Planned Deposit Insurance Premium Increases

The FDIC staff recommended that the FDIC Board of Directors postpone additional planned premium increases beyond the increase of three basis points scheduled for January 1, 2011.  At their June 22, 2010 meeting, each of the five members of the FDIC Board of Directors concurred with the FDIC staff’s recommendation.  For background on the FDIC premium increases and prepayment requirements, please see the November 24, 2009 Alert.