Designated Reserve Ratio for 2023, 64346 [2022-22987]
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[Federal Register Volume 87, Number 204 (Monday, October 24, 2022)] [Notices] [Page 64346] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 2022-22987] [[Page 64345]] Vol. 87 Monday, No. 204 October 24, 2022 Part III Federal Deposit Insurance Corporation ----------------------------------------------------------------------- Designated Reserve Ratio for 2023; Notice Federal Register / Vol. 87, No. 204 / Monday, October 24, 2022 / Notices [[Page 64346]] ----------------------------------------------------------------------- FEDERAL DEPOSIT INSURANCE CORPORATION Designated Reserve Ratio for 2023 AGENCY: Federal Deposit Insurance Corporation. ACTION: Notice of Designated Reserve Ratio for 2023. ----------------------------------------------------------------------- SUMMARY: Pursuant to the Federal Deposit Insurance Act (FDI Act), the Board of Directors (Board) of the Federal Deposit Insurance Corporation (FDIC) designates that the Designated Reserve Ratio (DRR) for the Deposit Insurance Fund shall remain at 2 percent for 2023. The Board is publishing this notice as required by the FDI Act. FOR FURTHER INFORMATION CONTACT: Ashley Mihalik, Chief, Banking and Regulatory Policy Section, Division of Insurance and Research, 202-898- 3793, [email protected]; Daniel Hoople, Chief, Fund Analysis and Pricing Section, Division of Insurance and Research, 202-898-3835, [email protected]; or Kathryn Marks, Counsel, Legal Division, 202-898- 3896, [email protected]. SUPPLEMENTARY INFORMATION: Pursuant to the FDI Act, the Board designates that the DRR for the Deposit Insurance Fund shall remain at 2 percent for 2023. The Board is publishing this notice as required by section 7(b)(3)(A)(i) of the FDI Act (12 U.S.C. 1817(b)(3)(A)(i)). There is no need to amend 12 CFR 327.4(g), the section of the FDIC's regulations which sets forth the DRR, because the DRR for 2023 is the same as the current DRR. Federal Deposit Insurance Corporation. By order of the Board of Directors. Dated at Washington, DC, on October 18, 2022. James P. Sheesley, Assistant Executive Secretary. [FR Doc. 2022-22987 Filed 10-20-22; 11:15 am] BILLING CODE 6714-01-P
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