Notice2024-24438
Designated Reserve Ratio for 2025
Primary source
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Published
October 22, 2024
Issuing agencies
Federal Deposit Insurance Corporation
Abstract
Pursuant to the Federal Deposit Insurance Act (FDI Act), the Board of Directors (Board) of the Federal Deposit Insurance Corporation (FDIC) designates that the Designated Reserve Ratio (DRR) for the Deposit Insurance Fund shall remain at 2 percent for 2025. The Board is publishing this notice as required by the FDI Act.
Full Text
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<title>Federal Register, Volume 89 Issue 204 (Tuesday, October 22, 2024)</title>
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[Federal Register Volume 89, Number 204 (Tuesday, October 22, 2024)]
[Notices]
[Pages 84349-84350]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-24438]
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FEDERAL DEPOSIT INSURANCE CORPORATION
Designated Reserve Ratio for 2025
AGENCY: Federal Deposit Insurance Corporation.
ACTION: Notice of Designated Reserve Ratio for 2025.
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SUMMARY: Pursuant to the Federal Deposit Insurance Act (FDI Act), the
Board of Directors (Board) of the Federal Deposit Insurance Corporation
(FDIC) designates that the Designated Reserve Ratio (DRR) for the
Deposit Insurance Fund shall remain at 2 percent for 2025.
[[Page 84350]]
The Board is publishing this notice as required by the FDI Act.
FOR FURTHER INFORMATION CONTACT: Ashley Mihalik, Associate Director,
Financial Risk Management, Division of Insurance and Research, 202-898-
3793, <a href="/cdn-cgi/l/email-protection#badbd7d3d2dbd6d3d1fadcded3d994ddd5cc"><span class="__cf_email__" data-cfemail="47262a2e2f262b2e2c0721232e2469202831">[email protected]</span></a>; Daniel Hoople, Chief, Fund Analysis and
Pricing Section, Division of Insurance and Research, 202-898-3835,
<a href="/cdn-cgi/l/email-protection#b7d3dfd8d8c7dbd2f7d1d3ded499d0d8c1"><span class="__cf_email__" data-cfemail="492d21262639252c092f2d202a672e263f">[email protected]</span></a>; or Kathryn Marks, Counsel, Legal Division, 202-898-
3896, <a href="/cdn-cgi/l/email-protection#e18a8c80938a92a187858882cf868e97"><span class="__cf_email__" data-cfemail="204b4d41524b5360464449430e474f56">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: Pursuant to the FDI Act, the Board
designates that the DRR for the Deposit Insurance Fund shall remain at
2 percent for 2025. The Board is publishing this notice as required by
section 7(b)(3)(A)(i) of the FDI Act (12 U.S.C. 1817(b)(3)(A)(i)).
There is no need to amend 12 CFR 327.4(g), the section of the FDIC's
regulations which sets forth the DRR, because the DRR for 2025 is the
same as the current DRR.
Federal Deposit Insurance Corporation.
By order of the Board of Directors.
Dated at Washington, DC, on October 17, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-24438 Filed 10-21-24; 8:45 am]
BILLING CODE 6714-01-P
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