12 CFR 327.30

§ 327.30 Purpose and scope.

United States · 12 CFR — Banks and Banking · Status: effective

Cite this

Citation: 12 CFR 327.30, § 327.30 Purpose and scope, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/46547
Permanent ID: ys:prov:46547@1
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Full text

(a) Scope. This subpart B of part 327 implements the one-time assessment credit required by section 7(e)(3) of the Federal Deposit Insurance Act, 12 U.S.C. 1817(e)(3) and applies to insured depository institutions. (b) Purpose. This subpart B of part 327 sets forth the rules for: (1) Determination of the aggregate amount of the one-time credit; (2) Identification of eligible insured depository institutions; (3) Determination of the amount of each eligible institution's December 31, 1996 assessment base ratio and one-time credit; (4) Transferability of credit amounts among insured depository institutions; (5) Application of such credit amounts against assessments; and (6) An institution's request for review of the FDIC's determination of a credit amount.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.