Bankowość · 25/03/2016

FDIC Imposes Surcharge on Large Banks Amid Dodd-Frank Act Requirements

The Federal Deposit Insurance Corporation (FDIC) is implementing a surcharge on large banks with $10 billion or more in total consolidated assets, in compliance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, and in accordance with the Federal Deposit Insurance Act. The surcharge will begin in the second half of 2016, when the Deposit Insurance Fund's reserve ratio reaches 1.15 percent, and will continue until the ratio reaches 1.35 percent by December 31, 2018.