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Code · CFR · Title 12 — Banks and Banking · Part 327 — Assessments · § 327.1

§ 327.1. Purpose and scope.

117 words·~1 min read·/us/cfr/t12/s§ 327.1·

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(a)Scope. This part 327 applies to any insured depository institution, including any insured branch of a foreign bank.
(b)Purpose.
(1)Except as specified in paragraph (b)(2) of this section, this part 327 sets forth the rules for:
(i)The time and manner of filing certified statements by insured depository institutions;
(ii)The time and manner of payment of assessments by such institutions;
(iii)The payment of assessments by depository institutions whose insured status has terminated;
(iv)The classification of depository institutions for risk; and
(v)The processes for review of assessments.
(2)Deductions from the assessment base of an insured branch of a foreign bank are stated in subpart B part 347 of this chapter.
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§ 327.1
Purpose and scope.
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