The Nutter Bank Report is a monthly publication of the
firm's Banking and Financial Services Group.
Headlines
1. FDIC Issues Final Rule to Assess Large Banks a Deposit Insurance
Surcharge
2. Regulators Clarify the Capital Treatment of Qualifying TruPS
CDOs
3. New Guidance Clarifies When Banks May Use Property Evaluations
Rather than Appraisals
4. FDIC Issues Guidance on Supervisory Expectations for Abandoned
Foreclosures
5. Other Developments: Customer Identification Programs and UDAP
Rules
1. FDIC Issues Final
Rule to Assess Large Banks a Deposit Insurance Surcharge
The FDIC has approved a final rule to increase the Deposit
Insurance Fund ("DIF") to the minimum Deposit Reserve
Ratio ("DRR") of 1.35% as required by the Dodd-Frank Wall
Street Reform and Consumer Protection Act ("Dodd-Frank
Act"). The final rule approved on March 15 will impose on
banks with at least $10 billion in assets a surcharge of 4.5 cents
per $100 of their assessment base, after
