Assessments; Continuation of Adjusted Rate Schedule for BIF- Assessable Deposits

On May 14, 1996, the Board of Directors of the FDIC (Board) adopted a resolution to continue in effect the current downward adjustment to the assessment rate schedule applicable to deposits assessable by the Bank Insurance Fund (BIF). The continuation of the downward adjustment will apply to the semiannual assessment period beginning July 1, 1996. As a result, the BIF assessment rates will continue to range from 0 to 27 basis points. This rate schedule will result in an estimated average annual assessment rate of approximately 0.29 basis points; the estimated annual revenue produced by this rate schedule will be $72 million.