ABA Statement on FDIC Assessments Streamlined Resolution Proposals

After ABA filed two comment letters with the FDIC on proposals addressing deposit insurance assessments and resolution planning, ABA President and CEO Rob Nichols issued the following statement:

"ABA appreciates the FDIC's proposal to adjust assessments in a manner that recognizes the strength and resilience of the Deposit Insurance Fund. The FDIC rightly recognizes that deposit insurance assessments must balance the size and resilience of the DIF against the costs imposed on banks and the customers they serve.

"We also appreciate Chairman Hill's commitment to streamlining resolutions, and we will continue to work with the FDIC to develop a framework that allows the FDIC to efficiently resolve large institutions while maintaining robust data security, minimizing duplication and reducing regulatory burdens."

Background:

ABA letter to the FDIC on Assessment Thresholds, Rate Schedules, and Adjustments
ABA letter to the FDIC on Resolution Submissions Required for Covered Insured Depository Institutions

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About the American Bankers Association

The American Bankers Association is the voice of the nation's $26.5 trillion banking industry, which is composed of small, regional and large banks that together employ over 2 million people, safeguard $20.7 trillion in deposits and extend $13.9 trillion in loans.