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These excerpts taken from the CITZ 10-K filed Mar 9, 2009. FICO) assessment in order to share in
the payment of interest due on bonds used to provide liquidity to the savings
and loan industry in the 1980s. During 2008, the Bank’s FICO assessment totaled
$98,000, or 1.12 basis points of its insured deposits for the year ended
December 31, 2008.
FICO) assessment in order to share in the payment of interest due on bonds used to provide liquidity to the savings and loan industry in the 1980s. During 2008, the Bank’s FICO assessment totaled $98,000, or 1.12 basis points of its insured deposits for the year ended December 31, 2008. These excerpts taken from the CITZ 10-K filed Mar 7, 2008. FICO) assessment in order to share in
the payment of interest due on bonds used to provide liquidity to the savings
and loan industry in the 1980s. During 2007, the Bank’s FICO assessment totaled
$104,000, or 1.16 basis points of its insured deposits for the year ended
December 31, 2007.
FICO) assessment in order to share in the payment of interest due on bonds used to provide liquidity to the savings and loan industry in the 1980s. During 2007, the Bank’s FICO assessment totaled $104,000, or 1.16 basis points of its insured deposits for the year ended December 31, 2007. This excerpt taken from the CITZ 10-K filed Mar 15, 2007. FICO) debt service assessment is assessed on a semi-annual basis. During 2006, the Bank insurance premium assessment was 0.0% and the Bank’s FICO assessment totaled $107,000, or 0.0128%, of its insured deposits for the year ended December 31, 2006.
The Federal Deposit Insurance Act, as amended by the Reform Act, continues to require that the assessment system be risk-based and allows the FDIC to define risk broadly. It defines a risk-based system as one based on an institution’s probability of causing a loss to the DIF due to the composition and concentration of the institution’s assets and liabilities, the amount of loss given failure, and revenue needs of the DIF. At the same time, the Reform Act also restores to the FDIC’s discretion to price deposit insurance according to risk for all insured institutions regardless of the level of the fund reserve ratio. 15 The Reform Act leaves in place the existing statutory provision allowing the FDIC to establish separate risk-based assessment systems for large and small members of the DIF. Under the Reform Act, however, no insured depository institution shall be barred from the lowest-risk category solely because of size. Regulations implementing the risk-based assessment provision of the Reform Act ( | EXCERPTS ON THIS PAGE:
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