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Financial Institution Letter |
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Final Rule to Address the Temporary Deposit Insurance Assessment Effects of the Optional Regulatory Capital Transitions for Implementing the Current Expected Credit Losses (CECL) Methodology |
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Summary:
On February 16, 2021, the FDIC Board of Directors adopted a final rule addressing the temporary deposit insurance assessment effects resulting from certain optional regulatory capital transition provisions relating to the implementation of the current expected credit losses (CECL) methodology. The final rule removes the double counting of a specified portion of the CECL transitional amount or the modified CECL transitional amount, as applicable, in the calculation of certain financial measures that are used to determine assessment rates for large or highly complex insured depository institutions (IDIs).
Statement of Applicability:
This Financial Institution Letter (FIL) does not impact institutions with less than $10 billion in assets, unless an institution is being treated as a large institution for deposit insurance assessment purposes.
Distribution:
Insured depository institutions with $10 billion or more in total assets
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