§ 327.30. Purpose and scope.
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/us/cfr/t12/s§ 327.30·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Scope. This subpart B of part 327 implements the one-time assessment credit required by section 7(e)(3) of the Federal Deposit Insurance Act, 12 U.S.C. 1817(e)(3) and applies to insured depository institutions.
(b)Purpose. This subpart B of part 327 sets forth the rules for:
(1)Determination of the aggregate amount of the one-time credit;
(2)Identification of eligible insured depository institutions;
(3)Determination of the amount of each eligible institution's December 31, 1996 assessment base ratio and one-time credit;
(4)Transferability of credit amounts among insured depository institutions;
(5)Application of such credit amounts against assessments; and
(6)An institution's request for review of the FDIC's determination of a credit amount.
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