Rules and Regulations. Notice of Designated Reserve Ratio for 2024
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/register/2023/11/22/2023-25814·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
BILLING CODE 6712-01-P FEDERAL DEPOSIT INSURANCE CORPORATION Designated Reserve Ratio for 2024 AGENCY: Federal Deposit Insurance Corporation. ACTION: Notice of Designated Reserve Ratio for 2024. 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 2024. 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, *amihalik@fdic.gov* ; Daniel Hoople, Chief, Fund Analysis and Pricing Section, Division of Insurance and Research, 202-898-3835, *dhoople@fdic.gov* ; or Kathryn Marks, Counsel, Legal Division, 202-898-3896, *kmarks@fdic.gov* . SUPPLEMENTARY INFORMATION: Pursuant to the FDI Act, the Board designates that the DRR for the Deposit Insurance Fund shall remain at 2 percent for 2024. 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 2024 is the same as the current DRR. Federal Deposit Insurance Corporation. By order of the Board of Directors. Dated at Washington, DC, on November 16, 2023. James P. Sheesley, Assistant Executive Secretary. [FR Doc. 2023-25814 Filed 11-21-23; 8:45 am]
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