wanuso.wordpress.com
Originally, the assessment was 20 cents perevery $100 of domesticf deposits, which triggered bitter opposition by organizationss representing smaller banks, including the . “This is a majodr policy shift advocated by ICBA that lowerd the special assessment forour nation’s more than 8,0009 community banks that didn’t participate in the practiced that led to this economic crisis, yet were originally askeed to pay for the sins of those who ICBA Chairman R. Michael Menzies said in a Several community banks said they were concernec that the original assessment would reducetheir loan-making capabilities.
Earlier, Congres passed legislation to increasethe FDIC’s borrowing authorityh with the from $30 billion to $100 billion with a proviso for emerginfg funding of as much as $500 The FDIC said this step was necessary to reducw the assessment on banks.
No comments:
Post a Comment