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FDIC adopts rule to increase DIF to required level

The Board of Directors of the Federal Deposit Insurance Corporation adopted a proposal to increase the Deposit Insurance Fund (DIF) to the statutorily minimum level of 1.35 percent.

The proposed rule approved would impose on banks with at least $10 billion in assets a surcharge of 4.5 cents per $100 of their assesment base after making particular adjustments. The primary purpose of the DIF is to protect the depositors of insured banks as well as resolve failed banks. To read more on the proposed rule, click here.

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