FDIC adopts rule requiring banks to pay larger deposit insurance assessment rates

The Federal Deposit Insurance Corporation (FDIC) on Tuesday adopted a final rule to increase deposit insurance assessment rates by 2 basis points for all banks beginning in the first quarter next year.© Shutterstock As of June 30, 2020, near the start of the pandemic, the reserve ratio of the FDIC’s Deposit Insurance Fund (DIF) fell below its statutory minimum as bank deposits…