The Federal Deposit Insurance Corporation (FDIC) Board of Directors has approved an interim final rule to amend the collection of the special assessment for the failed Silicon Valley Bank and Signature Bank. This decision comes in accordance with the requirements of the Federal Deposit Insurance Act, following the closures of both institutions on March 12, 2023.
The FDIC estimates the total cost of the failures, which must be recovered through the special assessment, is approximately $16.7 billion as of September 30, 2025. This figure reflects ongoing adjustments made by the FDIC as it manages the receivership process, including asset sales, liability satisfaction, and receivership expenses.
Under the interim final rule, the collection rate for the special assessment will be reduced in the eighth collection quarter, with an invoice payment date of March 30, 2026. This adjustment aims to ensure that the cumulative amount collected through the eighth quarter aligns with the current loss estimate and avoids excessive overcollection.
The rule also mandates that if the aggregate amount collected exceeds losses following litigation between the FDIC and SVB Financial Trust, an offset will be provided to regular quarterly deposit insurance assessments for banks subject to the special assessment. This litigation is considered a significant variable affecting systemic risk-related losses.
Upon termination of receiverships, the FDIC will provide an offset to regular quarterly deposit insurance assessments if overcollected or collect a one-time final shortfall special assessment if undercollected. The interim final rule will be effective upon publication in the Federal Register, with comments due 30 days after publication.
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Key Facts
- Agency: FDIC
- Category: Fraud & Financial Crimes|Public Corruption
- Source: Official Source ↗
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