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Home » 2013 Issues » 78 FR (10/22/2013) » 2013-24531. Designated Reserve Ratio for 2014

  2013-24531. Designated Reserve Ratio for 2014  

  • Start Preamble

    AGENCY:

    Federal Deposit Insurance Corporation (FDIC).

    ACTION:

    Notice of Designated Reserve Ratio for 2014.

    Pursuant to the Federal Deposit Insurance Act, the Board of Directors of the Federal Deposit Insurance Corporation designates that the Designated Reserve Ratio (DRR) for the Deposit Insurance Fund shall remain at 2 percent for 2014.[1] The Board is publishing this notice as required by section 7(b)(3)(A)(i) of the Federal Deposit Insurance Act (12 U.S.C. 1817(b)(3)(A)(i)).

    Start Further Info

    FOR FURTHER INFORMATION CONTACT:

    Munsell St. Clair, Chief, Banking and Regulatory Policy Section, Division of Insurance and Research, (202) 898-8967; or, Christopher Bellotto, Counsel, Legal Division, (202) 898-3801.

    Start Signature

    Dated at Washington, DC, this 8th day of October 2013.

    By order of the Board of Directors.

    Robert E. Feldman,

    Executive Secretary.

    End Signature End Further Info End Preamble

    Footnotes

    1.  Section 327.4(g) of the FDIC's regulations sets forth the DRR. There is no need to amend this provision, because the DRR for 2014 is the same as the current DRR.

    Back to Citation

    [FR Doc. 2013-24531 Filed 10-21-13; 8:45 am]

    BILLING CODE 6714-01-P

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Document Information

Published:
10/22/2013
Department:
Federal Deposit Insurance Corporation
Entry Type:
Notice
Action:
Notice of Designated Reserve Ratio for 2014.
Document Number:
2013-24531
Pages:
62633-62633 (1 pages)
PDF File:
2013-24531.pdf