Rules and Regulations. Notice of Designated Reserve Ratio for 2023
/register/2022/10/24/2022-22987·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Agency: Federal Deposit Insurance Corporation
Action: Notice of Designated Reserve Ratio for 2023
Citation: 87 FR (No. 204) · FR Doc. 2022-22987
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 2023. The Board is publishing this notice as required by the FDI Act.
Supplementary Information
Pursuant to the FDI Act, the Board designates that the DRR for the Deposit Insurance Fund shall remain at 2 percent for 2023. 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 2023 is the same as the current DRR. Federal Deposit Insurance Corporation. By order of the Board of Directors. Dated at Washington, DC, on October 18, 2022. James P. Sheesley, Assistant Executive Secretary. [FR Doc. 2022-22987 Filed 10-20-22; 11:15 am]