FDIC approves one-time fee for banks - Sacramento Business Journal:

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Originally, the assessment was 20 cente perevery $100 of domestic which triggered bitter opposition by organizationsz representing smaller banks, including the . “This is a majod policy shift advocated by ICBA that loweras the special assessment forour nation’s more than 8,00o0 community banks that didn’t participate in the practicesd that led to this economic yet were originally asked to pay for the sins of thosw who did," ICBA chairman R.
Michaeol Menzies said in a Earlierthis week, Congress passed legislatio n to increase the FDIC’sd borrowing authority with the Treasury Department from $30 billion to $100 billiomn with a proviso for emerging funding up to $500 billion. The FDIC said this step was necessargy to reduce the assessmenton