sense to impose a higher fee based on their assets. I would hope the system
gives a break to smaller banks to encourage the growth of smaller
institutions (have a lot of smaller banks is preferable to a few big ones).
From DS News:
d=8d3fbdc045&e=ebe71b748c> FDIC Proposes New Fee Structure Based on Banks'
The FDIC has approved a proposal that would change the way it determines how
much banks pay for the agency's deposit insurance coverage. Since 1935,
individual institutions' premiums have been based on the amount of their
domestic deposits. The FDIC wants to amend the assessment scheme so that it
is based on the bank's assets instead. JPMorgan Chase, Bank of America, and
Citigroup could together hand over an estimated $1 billion annually in
additional fees under the new structure.
SUNIL SETHI REAL ESTATE
Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI REAL ESTATE
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536
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