The Federal Deposit Insurance Corporation (FDIC) has approved an interim final rule to tweak the collection of special assessments aimed at recuperating losses from the collapses of Silicon Valley Bank and Signature Bank. The rule, effective upon publication in the Federal Register, ensures that the FDIC collects precisely the amount needed without excessive over or undercollection.
Following the March 12, 2023, systemic risk determination that led to the closures of both banks, the FDIC estimates the total cost at around $16.7 billion as of September 30, 2025. This figure is subject to adjustments as the FDIC manages the receiverships and liquidations of the failed institutions.
The interim rule reduces the rate of collection for the eighth quarter to align with the current loss estimate. Should the total collected exceed this amount following litigation resolution with SVB Financial Trust, banks will receive an offset against regular quarterly deposit insurance assessments.
In a final twist, should the FDIC overcollect after receivership termination, it will provide offsets. Conversely, if undercollected, institutions will face a one-time special assessment to cover the shortfall. This move is part of a broader strategy to manage the financial aftermath of these significant bank failures.
The rule’s implementation hinges on public feedback due 30 days after its publication in the Federal Register. The FDIC has already released details of the interim final rule for public scrutiny and comment.
Media inquiries can be directed to MediaRequests@fdic.gov.
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