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Financial Institution Letter | July 20, 2022 |
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Notice of Proposed Rulemaking on Assessments, Amendments to Incorporate Troubled Debt Restructuring Accounting Standards Update |
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Summary:
The Federal Deposit Insurance Corporation (FDIC) issued a notice of proposed rulemaking (proposal) to incorporate updated accounting standards in the risk-based deposit insurance assessment system applicable to all large and highly complex insured depository institutions. The proposal would amend the assessment regulations to include a new term, “modifications to borrowers experiencing financial difficulty,” in two financial measures—the underperforming assets ratio and higher-risk assets ratio—used to determine deposit insurance assessments for large and highly complex insured depository institutions.
Statement of Applicability:
The contents of, and material referenced in, this FIL do not apply to FDIC-insured and/or FDIC-supervised institutions with less than $10 billion in total consolidated assets.
Distribution:
FDIC-Supervised Institutions with less than $10 billion in total consolidated assets
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