Designated Reserve Ratio for 2021

• Citation: 85 FR 74719
• Record Number: 2020-25820
• Published date: 23 November 2020
• Section: Notices
• Court: Federal Deposit Insurance Corporation

Federal Register, Volume 85 Issue 226 (Monday, November 23, 2020)

[Federal Register Volume 85, Number 226 (Monday, November 23, 2020)]
                [Notices]
                [Page 74719]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2020-25820]
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                FEDERAL DEPOSIT INSURANCE CORPORATION
                Designated Reserve Ratio for 2021
                AGENCY: Federal Deposit Insurance Corporation.
                ACTION: Notice of Designated Reserve Ratio for 2021.
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                SUMMARY: Pursuant to the Federal Deposit Insurance Act, the Board of
                Directors of the Federal Deposit Insurance Corporation designates that
                the Designated Reserve Ratio (DRR) for the Deposit Insurance Fund shall
                remain at 2 percent for 2021.\1\ The Board is publishing this notice as
                required by the Federal Deposit Insurance Act.
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                 \1\ Section 327.4(g) of the FDIC's regulations sets forth the
                DRR. See 12 CFR 327.4(g). There is no need to amend this provision,
                because the DRR for 2021 is the same as the current DRR.
                FOR FURTHER INFORMATION CONTACT: Ashley Mihalik, Chief, Banking and
                Regulatory Policy Section, Division of Insurance and Research, (202)
                898-3793, [email protected]; Robert Grohal, Chief, Fund Analysis and
                Pricing Section, Division of Insurance and Research, (202) 898-6939,
                [email protected]; or Nefretete Smith, Counsel, Legal Division, (202)
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                898-6851, [email protected].
                Federal Deposit Insurance Corporation.
                 By order of the Board of Directors.
                 Dated at Washington, DC, on November 17, 2020.
                James P. Sheesley,
                Assistant Executive Secretary.
                [FR Doc. 2020-25820 Filed 11-20-20; 8:45 am]
                BILLING CODE 6714-01-P