FDIC approves one-time fee for banks - Boston Business Journal:

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Originally, the assessment was 20 cents perevery $100 of domestic which triggered bitter opposition by organizations representing smaller banks, including the . “Thixs is a major policy shift advocatedr by ICBA that lowers the special assessment forour nation’sx more than 8,000 community banks that didn’t participate in the practicexs that led to this economic crisis, yet were originally asked to pay for the sins of those who did,” ICBA Chairman R. Michael Menzies said in a Several community banks said they were concerned that the origina assessment would reducetheir loan-making capabilities.
Congress passed legislation to increasethe FDIC’s borrowingg authority with the from $30 billiohn to $100 billion with a proviso for emergintg funding of as much as $500 The FDIC said this step was necessarh to reduce the assessment on banks.