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Inside Washington (03/23/2011)
* WASHINGTON (3/24/11)--Large banks will have to pay more for deposit insurance under a new regulation set to go into effect April 1 (American Banker March 23). Under current rules, a bank's deposit insurance premium is based on its total domestic deposits, with adjustments made for examination ratings, brokered deposits and balance sheet risk. Under the new rules, mandated by the Dodd-Frank-Act, Federal Deposit Insurance Corp. deposit assessments will be based on a bank's average consolidated total assets, minus its average tangible equity capital. Community banks lobbied for the change, arguing that large banks are subject to more and should contribute more to the deposit insurance fund. In a white paper released this week, the deposit insurance assessments charged by regulators to credit unions and banks will be “very similar” over the coming decade, revising previous estimates that predicted higher bank assessments, according to Credit Union National Association (CUNA) Chief Economist Bill Hampel …


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