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FEDERAL DEPOSIT INSURANCE CORPORATION
QUARTERLY CERTIFIED STATEMENT INVOICE

OMB No. 3064-0057
LINE

I.

INSTITUTION INFORMATION

II.

ASSESSMENT COMPUTATION

Assessment Period: ER -2
Certificate Number:
Risk Category: I
Invoice Number:
ACH Payment Date: 9/30/2009

TOTAL DEPOSIT LIABILITIES (from RC-O, Line Item 1 or 4 / DI, Line 510 or 540)

2,683,592,000

TOTAL ALLOWABLE EXCLUSIONS (from RC-O, Line Item 2 or 5 / DI, Line 520 or 550)

2

TOTAL ASSESSMENT BASE (Line 1 - Line 2)
TOTAL TLGP TRANSACTION ACCOUNT GUARANTEE PROGRAM ASSESSMENT BASE (see next page for calculation)
III.

IV.

1

2,683,592,000

3

275,554,000

4

1,267,460.50

5

0.00

6

1,267,460.50

7

QUARTERLY PAYMENT COMPUTATION
FDIC Quarterly Multiplier and Payment Amount (Line 3 x Line 5) (Sum of Line 9 on Rate Calc Sheets)
Less: One-Time Credit Applied
Net FDIC Deposit Insurance Payment Amount

0.0004723

FICO Quarterly Multiplier and Payment Amount (Line 3 x Line 8)

0.0000255

68,431.60

8

TLGP Transaction Account Guarantee Program (TAGP) Assessment (Line 4 x Line 9 x # of days)

0.0000027

67,703.62

9

0.00

10

0.00

11

ADJUSTMENTS

A. Prior Quarter(s) Quarterly Assessment
B. Prior Quarter(s) TLGP TAGP Assessment
TOTAL Prior Quarter(s) Adjustments (Line 10+ Line 11) (See Below)
SPECIAL ASSESSMENT (from Special Assessment Summary Sheet, Line 14)

V.
VI. LATE PAYMENT PENALTY
VII. PAYMENT INFORMATION
Routing Transit Number
Account Type
Account Number
Insurance Period
April 01, 2009 through June 30, 2009
ACH Debit/(Credit)* represents the amount to be collected/(refunded) this quarter (Lines 7 + 8 + 9 + 12 + 13 + 14) *If the ACH amount
is >$99 million, then you will receive multiple ACH transactions, in amounts of $99 million (or less), totaling to the ACH amoun .
ACH Debit / (Credit)
VIII. ADJUSTMENTS
Code

Assessment
Period

Description

SUBTOTALS
TOTAL ADJUSTMENTS PLUS INTEREST

FDIC 6420/07 (4-07)

0.00

12

2,185,833.50

13

0.00

14

3,589,429.22

15

Adjustment

Adjustment

Interest

Interest

Amount
FDIC

Amount
FICO

Amount
FDIC

Amount
FICO

0.00

0.00

0.00

0.00
0.00

Period ER-2

REPORT OF CONDITION DATA
Schedule

Line Item

Description

6/30/2009

RC-O / DI
RC-O / DI
RC-O / DI

1 / 510
2 / 520
3 / 530

Quarter End Reported Deposits*
Quarter End - Total Gross Deposits
Quarter End - Total Exclusions
Quarter End - Total Foreign Deposits

To Line 1 on First Page
To Line 2 on First Page

RC-O / DI
RC-O / DI
RC-O / DI

4 / 540
5 / 550
6 / 560

Average Reported Deposits*
Qtly Avg - Total Gross Deposits
Qtly Avg - Total Exclusions
Qtly Avg - Total Foreign Deposits

To Line 1 on First Page
To Line 2 on First Page

RC-O/DI
RC-O/DI

M.4.a / 570
M.4.b / 575

AMENDMENTS***

2,753,656,000
0
0

2,683,592,000
0
0

See Line 4 on First Page
Transaction Account Guarantee Program**
Amount of noninterest-bearing transaction accounts with balances > $250k
Number of noninterest-bearing transaction accounts with balances > $250k

348,054,000
290

* For institutions that report both quarter-end deposits and daily average deposits, the daily average amounts are used for the assessment base calculation.
** For TLGP TAGP participants only. The amount reported on Line 4 on the first page is equal to either RC-O M.4.a less (RC-O M.4.b x 250k) or DI 570 less (DI 575 x 250k).

CERTIFICATION
*** If you believe the assessment base shown on this invoice is incorrect, please annotate the correct amount in the above schedule. After making any annotation, please sign and
date below (your certification as to the correctness of the amounts you are supplying) and mail the annotated invoice to the mailing address set forth below. If you believe the
invoice is correct, you do not need to return it to FDIC; certification will be accomplished by paying the amount shown. See the assessments webpage under "Overview of
Quarterly Assessment, Signature Confirmation" at http://www.fdic.gov/deposit/insurance/assessments/invoice.html. In either case, please retain a copy of this invoice in your files
for three years from the ACH payment date.
NAME

DATE
(Return to FDIC only if you are reporting amounts different from those printed on this invoice.)

PAPERWORK REDUCTION ACT NOTICE
This collection of information has been reviewed and approved by OMB under control number 3064-0057. An agency may not conduct or sponsor, and respondents are not
required to respond to this collection unless it displays a currently valid OMB control number. Burden for this collection is estimated to average 20 minutes per response,
including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of
information. Send comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden, to the
Paperwork Reduction Act Clearance Officer, Legal Division, Federal Deposit Insurance Corporation, 550 17th Street, N.W., Washington, DC 20429; and to the Office of
Management and Budget, Paperwork Reduction Project (3064-0057), Washington, DC 20503.

CONTACT INFORMATION
MAILING ADDRESS
FEDERAL DEPOSIT INSURANCE CORPORATION
ATTN: ASSESSMENT SECTION E-5071

FOR RISK RATE QUESTIONS, PLEASE CALL(800) 759-6596 (Option 1 )
OR E-MAIL YOUR QUESTIONS TO: [email protected]

3501 FAIRFAX DRIVE
ARLINGTON, VA 22226

FOR OTHER INVOICE QUESTIONS, PLEASE CALL(800) 759-6596 (Option 2)
OR E-MAIL YOUR QUESTIONS TO: [email protected]

Assessment Rate Calculation (Risk Category I)
RARC001

Certificate Number

Dates to which rate applies

2009-04-01 through 2009-06-30

Pricing Methodology

Financial Ratios Method

Capital Group

Well Capitalized

RARC002

Risk
Measure
Value

Period

Contributions
to
Base Rate

Pricing
Multiplier

ER2

LINE

I CAMELS Ratings
Rating
Capital Adequacy
Asset Quality
Management
Earnings
Liquidity
Sensitivity

2
2
2
3
2
2

Weight
0.25 =
0.20 =
0.25 =
0.10 =
0.10 =
0.10 =

x
x
x
x
x
x

Weighted Average CAMELS Components Rating

0.50
0.40
0.50
0.30
0.20
0.20
2.1000

II Financial Ratios
Tier 1 Leverage Ratio
Loans Past Due 30-89 Days/Gross Assets
Nonperforming Assets / Gross Assets
Net Loan Charge-Offs/Gross Assets
Net Income before Taxes/Risk-Weighted Assets
Adjusted Brokered Deposit Ratio
Sum of Financial Ratio Contributions to Assessment Rate

8.661 x
0.840 x
1.395 x
1.251 x
(0.583) x
0.000 x

(0.056) =
0.575 =
1.074 =
1.210 =
(0.764) =
0.065 =

(0.485)
0.483
1.498
1.514
0.445
0.000
3.455

1

III Long-Term Debt Issuer Rating
Rating

Converted¹

x

=

2.100 x

1.095 =

x
x

=
=

Average Converted Long-Term Debt Issuer Rating

2

IV Assessment Rate Calculation
Part A - Financial Ratios Method
Uniform Amount
Weighted Average CAMELS Components Rating
2
Sum of Contributions (Lines 1 + 3 + 4)
Initial Base Assessment Rate from Financial Ratio Method

11.861
2.300
17.616
16.000

3
4
5
6

Part B - Large Bank Pricing Method
Converted Financial Ratio Method
Weighted Average CAMELS Components Rating
Uniform Amount
2
Sum of Contributions (Lines 2 + 7 + 8 + 9)
Initial Base Assessment Rate from Large Bank Pricing Method

7
8
9
10
11

Part C - Assessment Rate Calculation
Assessment Methodology Used (Line 6 or 11)
Risk Adjustment ("Large" Risk Category I Institutions only)3
Unsecured Debt Adjustment
Secured Liability Adjustment
Brokered Deposit Adjustment (Risk Category II, III, IV only)
4
Increase/(Decrease) to Base Rate Schedule

Assessment Rate

FRM

0.00

Annual (Basis Points) (Lines 12 + 13 + 14 + 15 + 16 + 17) 5
6

Quarterly (Basis Points)
Quarterly Assessment Multiplier (Line 19 x 0.0001)

FDIC 6420/07C (7-09)

16.00
0.00
(1.21)
4.10

91 of 91 days

12
13
14
15
16
17

18.89

18

4.723
0.0004723

19
20

Assessment Rate Calculation (Risk Category I) PAGE 2
RARC001

Certificate Number

RARC002

Period

ER2

V Unsecured Debt Adjustment
Allowable long-term senior unsecured debt ($000)
Allowable long-term subordinated debt ($000)
Qualified Tier 1 capital ($000)
Total allowable long-term debt and qualified Tier 1 capital ($000)
Domestic deposits ($000)
(Total long-term debt and qualified Tier 1 capital / domestic deposits) * 40 bp
Initial base assessment rate (basis points)
Unsecured debt adjustment (basis points) (Line 26 limited to -5.00 bp)
Base assessment rate after the unsecured debt adjustment (basis points)

52,054
0
29,936
81,990
2,704,185
1.213
16.00
(1.21)
14.79

21
22
23
24
25
26
27
28
29

1,425,105
2,704,185
52.7 %
27.7 %
27.7 %
14.79
4.10
18.89

30
31
32
33
34
35
36
37

VI Secured Liability Adjustment
Secured liabilities ($000)
Domestic deposits ($000)
Secured liabilities as a percentage of domestic deposits (Line 30 / Line 31)
Percentage exceeding 25% threshold (Line 32 – 25%)
Percentage exceeding 25% threshold limited to maximum of 50%
Base assessment rate after the unsecured debt adjustment (basis points)
Secured liabilities adjustment (basis points) (Line 34 * Line 35)
Base assessment rate after secured liabilities adjustment (basis points)

VII Brokered Deposit Adjustment
Brokered deposits ($000)
Domestic deposits ($000)
Brokered deposits as a percentage of domestic deposits (Line 38 / Line 39)
Percentage exceeding the 10% threshold (Line 40 – 10%)
Percentage exceeding the threshold * 25 (Line 41 * 25)
Base assessment rate after secured liabilities adjustment (basis points)
Brokered deposit adjustment (basis points) (Line 42 limited to 10.00 bp)
Base assessment rate after brokered deposit adjustment (basis points)

%
%

38
39
40
41
42
43
44
45

¹ Please see Appendix B to Subpart A of the final rule - http://www.fdic.gov/deposit/insurance/initiative/09FinalAD35.pdf
² Sum of "Contributions" (Lines 5 and/or 10) cannot be less than the minimum or more than the maximum base rate.
³ "Large" Risk Category I Institutions are subject to a potential risk rate adjustment of up to ± 1.0 basis points.
4
This FDIC Board approved adjustment, applicable to all institutions, reflects the rate differential above or below the base
rate schedule.
5
Well-capitalized de novo institutions without CAMELS ratings are charged an annual rate equal to the adjusted minimum
rate plus two basis points.
6
The quarterly assessment rate is equal to one-quarter of the annual assessment rate pro-rated for the number of days indicated.
The dates for which the rate is effective can be found at the top of this form.

If you have any questions about the calculation pages, call (800) 759-6596 and select option 1 or email [email protected]
FDIC 6420/07C (7-09)

SPECIAL ASSESSMENT SUMMARY STATEMENT
LINE

I.

INSTITUTION INFORMATION
Special Assessment Number: SA001 09/15/2009
Assessment Period: ER2
Certificate Number: AIMSSPLASMT00005

AIMSSPLASMT00001
AIMSSPLASMT00002
AIMSSPLASMT00003
AIMSSPLASMT00004

II.

REPORTED DATA
TOTAL ASSETS (From Call Report Schedule RC, Line Item 12 / TFR Schedule SC, Line Item 60)

4,623,310,000

1

251,643,000

2

0

3

4,371,667,000
0.0005000
2,185,833.50

4
5
6

2,683,592,000
0.0010000
2,683,592.00

7
8
9

2,185,833.50
0.00
2,185,833.50
0.00

10
11
12
13

(to Invoice, Line 13 )

2,185,833.50
AIMSSPLASMT00013

14

Adjustment
Amount

Interest
Amount

TIER 1 CAPITAL (From Call Report Schedule RC-R, Line Item 11 / TFR Schedule CCR, Line Item 20)
TIER 1 CAPITAL ADJUSTMENTS (From Call Report Schedule RC-R, Line Item 28a)
III.

SPECIAL ASSESSMENT COMPUTATION -- STANDARD
Special Assessment Base (Line 1 less Line 2 + Line 3. Line 4 cannot exceed Line 1)
Special Assessment Multiplier -- Standard
Special Assessment Payment Amount -- Standard (Line 4 x Line 5)

IV.

SPECIAL ASSESSMENT COMPUTATION -- ALTERNATE
Quarterly Deposit Insurance Assessment Base (from Line 3 of the Assessment Period ER-2 quarterly invoice)
Special Assessment Multiplier -- Alternate
Special Assessment Payment Amount -- Alternate (Line 7 x Line 8)

V.

SPECIAL ASSESSMENT PAYMENT AMOUNT

VI.

Special Assessment Payment Amount (the lesser of Line 6 or Line 9 above)
Less: One-Time Credit Applied
Net Special Assessment Payment Amount (Line 10 + Line 11)
Prior Special Assessment(s) (See Section VII below)
ADJUSTMENTS
Special Assessment Amount Due (Line 12 + Line 13)

VII. ADJUSTMENTS
Code

Description

Special Assessment
Number

SUBTOTALS
TOTAL ADJUSTMENTS PLUS INTEREST (to Line 13 above)
AIMSSTRINGFORMNO

0.00

0.00
0.00

Summary Statement Of One-Time Assessment Credit
Statement Date:

9/15/2009

I. INSTITUTION INFORMATION:
Certificate Number:
Institution Name:
Address:

622
Amalgamated Bank
275 SEVENTH AVENUE, NEW YORK, NY 10001-0000

Period:
Debit Date:
Payment for:

ER2
9/30/2009
April 01, 2009 - June 30, 2009

II. SUMMARY OF ONE-TIME ASSESSMENT CREDIT
Line
1. Beginning Credit Balance as of 7/1/2009

0.00

2. Credits from Acquisitions: ¹

0.00

3. Credits Transferred in: ¹

0.00

4. Credits Transferred out: ¹

0.00

5. Total of Prior Period Adjustments: ²

0.00

6. Other Credit Adjustments:

0.00

7. Total Available Credit:

0.00

8. Credit Used this Period: ³

0.00

9. Ending Credit Balance as of

9/30/2009

¹ See next page for transaction details
² See the Adjustments (Section VIII) on the front of the invoice.
³ Credit Used this Period is the sum of Invoice, Line 6 + Special Assessment Summary Statement, Line 11

0.00

Summary Statement Of One-Time Assessment Credit
Acquisition, Transfer & Adjustment History for ER2 Period

A.

Statement Date:

9/15/2009

Certificate Number:
Institution Name:

622
Amalgamated Bank

Acquisitions:
Cert# Acquired Institution Name
----- -------------------------

Date
Acquired
--------

Total Carried to Line 2 on front

B.

Tran. Date
----------

Total carried to Line 3 on front

Credit Amount
Actual Dollars
--------------

------------$0

--------

------------$0.00

Credit Amount
------------------------$0.00

Transfers Out:
Cert# Transferred To
----- ----------------

Tran. Date
----------

Total carried to Line 4 on front

D.

Assessment
Base Ratio
----------

Transfers In:
Cert# Transferred From
----- ----------------

C.

Assessment Base
(In Dollars)
-------------

Credit Amount
------------------------$0.00

Prior Period Adjustments
See Section VII on the front of the invoice for details of any prior period adjustments
$0.00
Total carried to Line 5 on front

$0.00

Guidelines for the FDIC Quarterly Certified Statement Invoice
Period ER-2 ♦ Payment Date September 30, 2009
New FDIC Assessment Rates - All rates below are annual and in basis points (“bps”) which are cents per
$100.00 of assessable deposits. An annual rate is converted to a quarterly multiplier by dividing the
annual rate by 10,000 (to move the decimal point), dividing by 4 (for a quarterly rate), and then rounding
to 7 decimal places. See FIL-12-2009 (http://www.fdic.gov/news/news/financial/2009/fil09012.html) for
more rate information.
All insured institutions with a CAMELS composite rating will be charged an annual rate between:
Risk Category Risk Category Risk Category Risk Category
I
II
III
IV
Initial Base Assessment Rate

12 to 16

22

32

45

Unsecured Debt Adjustment (added)

-5 to 0

-5 to 0

-5 to 0

-5 to 0

Secured Liability Adjustment (added)

0 to 8

0 to 11

0 to 16

0 to 22.5

Brokered Deposit Adjustment (added)

N/A

0 to 10

0 to 10

0 to 10

Total Base Annual Assessment Rate

7 to 24.0

17 to 43.0

27 to 58.0

40 to 77.5

Quarterly Multipliers

Risk Category I:
Risk Category II:
Risk Category III:
Risk Category IV:

.0001750 to .0006000
.0004250 to .0010750
.0006750 to .0014500
.0010000 to .0019375

Definitions
Risk Category I -- Well Capitalized with generally a CAMELS composite of 1 or 2
Risk Category II -- Well Capitalized with generally a CAMELS composite of 3; or
Adequately Capitalized with generally a CAMELS composite of 1, 2, or 3
Risk Category III -- Well or Adequately Capitalized with generally a CAMELS composite of 4 or 5; or
Undercapitalized with generally a CAMELS composite of 1, 2, or 3
Risk Category IV -- Undercapitalized with generally a CAMELS composite of 4 or 5
Well Capitalized is Total Risk-Based Capital Ratio equal to or greater than 10 percent, Tier 1 Risk-Based
Capital Ratio equal to or greater than 6 percent, and Tier 1 Leverage Capital Ratio equal to or greater
than 5 percent.
Adequately Capitalized is not Well Capitalized and is Total Risk-Based Capital Ratio equal to or greater
than 8 percent, Tier 1 Risk-Based Capital Ratio equal to or greater than 4 percent, and Tier 1 Leverage
Capital Ratio equal to or greater than 4 percent.
Undercapitalized is neither Well Capitalized nor Adequately Capitalized.
See: http://www.fdic.gov/deposit/insurance/assessments/capital_groups.html for more information on
capital groups.
The FDIC has introduced three adjustments that could be made to an institution's initial base assessment
rate: (1) a potential decrease for long-term unsecured debt, including senior and subordinated debt and for small institutions - a portion of Tier 1 capital; (2) a potential increase for secured liabilities above a
threshold amount; and (3) for non-Risk Category I institutions, a potential increase for brokered deposits
above a threshold amount.
FDIC 6420/07A (4-07)

8 of 10

Newly insured institutions (those insured less than 5 years) will be charged the following rates:
Newly insured institutions without a CAMELS composite rating will be charged an annual rate between:
Risk Category Risk Category Risk Category Risk Category
I
II
III
IV
Initial Base Assessment Rate

14

22

32

45

Secured Liability Adjustment (added)

0 to 7

0 to 11

0 to 16

0 to 22.5

Brokered Deposit Adjustment (added)

N/A

0 to 10

0 to 10

0 to 10

Total Base Annual Assessment Rate

14 to 21.0

22 to 43.0

32 to 58.0

45 to 77.5

Newly insured institutions with a CAMELS composite rating will be charged an annual rate between:
Risk Category Risk Category Risk Category Risk Category
I
II
III
IV
Initial Base Assessment Rate

12 - 16

22

32

45

Secured Liability Adjustment (added)

0 to 8

0 to 11

0 to 16

0 to 22.5

Brokered Deposit Adjustment (added)

N/A

0 to 10

0 to 10

0 to 10

Total Base Annual Assessment Rate

12 to 24.0

22 to 43.0

32 to 58.0

45 to 77.5

FDIC Special Assessment
A special assessment is being collected on September 30, 2009, and is included in the quarterly invoice
packet. Please see FIL-23-2009 at: http://www.fdic.gov/news/news/financial/2009/fil09023.html.
ACH Payment Requirements
The ACH amount on line 15 of the invoice is due Wednesday, September 30, 2009; any net refund will
also settle on this day. Please note:
• Payment must be by ACH; check payments will be returned.
• If your institution, or correspondent bank, has ACH filters in place, the filters should be set
to accept the FDIC assessment debit(s) which will probably be significantly higher because
of the new FDIC rates and the Special Assessment.
• If your payment amount is greater than $99,000,000.00, you will receive multiple ACH debits.
For example, if your payment amount is $354,648,100.82, then you will receive four debits (three
for $99,000,000.00 and one debit for the remaining balance of $57,648,100.82).
• ACH debits are sometimes bundled together. A debit amount might need to be unbundled in
order to identify the FDIC charge.
• Currently, only negative confirmation of payment is provided; that is, your institution is contacted
if your ACH debit rejects. We will telephone your institution immediately upon notification of a
rejection in order to obtain correct ACH information for a re-launch of the debit amount. Any
failure to make prompt payment can result in civil money penalties. Please see FIL-43-2007:
http://www.fdic.gov/news/news/financial/2007/fil07043.html.
If the ACH information on the invoice is incorrect, your authorized FDICconnect Coordinator, or
authorized user who has access to the Assessment Payment Information transaction, should submit
corrections by COB, Friday, September 25, 2009. ACH changes can only be submitted through
FDICconnect using the Assessment Payment Information transaction. For assistance, go to:
http://www.fdic.gov/deposit/insurance/assessments/fdicconnect.html.
FDIC 6420/07A (4-07)

9 of 10

Payment by the Surviving Institution for Merged or Acquired Institutions - If your institution merged
with, or assumed the deposits of, another FDIC insured member in an unassisted transaction during the
third quarter of 2009:
1. The invoices of any acquired institutions will be available to the survivor’s FDICconnect coordinator
and/or authorized users. The steps for downloading acquired institution invoices are found at:
http://www.fdic.gov/deposit/insurance/assessments/fdicconnect.html.
2. The survivor’s RTN and ACH account will be used to satisfy the payment for the survivor and any
acquired institutions as listed on FDICconnect. The survivor is responsible for ensuring the accuracy
of the ACH information on each invoice and ensuring that its authorized account is funded for the
combined total of all invoices.
3. The surviving institution should immediately contact the Assessments Section at 1-800-759-6596,
Option 2, if an acquisition does not appear on the survivor’s FDICconnect list of acquisitions. Please
have the details of the merger available: institution names, certificate numbers, and transaction date.
If an institution other than your own acquired some or all of the deposits, your institution might not be
liable for the entire payment. If this is the case, contact the Assessments Section at the number above.
Transaction Account Guarantee Program (TAGP) – If your institution is participating in the TAGP,
the number of days guaranteed for Period ER-2 is 91 days (April 1 – June 30, 2009 inclusive). The TAGP
computation consists of:
• The Guarantee Base which is equal to the amount of non-interest bearing transaction accounts less
(the number of accounts times $250,000.00) and
• The Daily Multiplier which is equal to the annual rate in basis points divided by 365 days and
rounded to 7 decimal places.
The Guarantee Fee on line 9 of the invoice is equal to the number of days guaranteed in the quarter times
the Guarantee Base amount times the Daily Multiplier.
A sample computation (that does not represent any specific institution) follows.
If the amount of deposits reported on RC-O 4a or DI 570 is $5,000,000.00; and
if the number of accounts reported on RC-O 4b or DI 575 is 9; and
the annual rate for the TAGP is 10 basis points; and
the number of days guaranteed for Period ER-1 is 91 days (April 1 – June 30, 2009 inclusive); then
Guarantee Base = $5,000,000.00 - (9 accounts x $250,000.00) = $2,750,000.00; and the
Daily Multiplier = (.0010/365) rounded to 7 decimal places = .0000027; and the
Guarantee Fee = 91 days x $2,750,000.00 x .0000027 = $675.68.
One-Time Assessment Credit - Beginning in June 2008, if an institution has sufficient credit and is in a
rate category considered to pose a low risk to the insurance fund, the credit offset on line 6 of the invoice is
90% of the FDIC premium amount on line 5. The credit offset for those qualifying institutions with
remaining credit returns to 100% with the June 2011 payment. If an institution has credit remaining after
the credit offset to the FDIC premium on the enclosed invoice, the Special Assessment is offset with the
remaining credit balance up to 90% of the Special Assessment amount or offset with the total remaining
credit balance whichever is smaller.
Accounting for FDIC, TAGP, & FICO - The net FDIC amount (line 7) and the TAGP amount (line 9)
are payments for the second quarter of 2009 and the estimated amount of these payments should have
been accrued (for those institutions on an accrual basis) as of June 30, 2009. The FICO amount (line 8)
does not represent a payment that covers a specific time period. Rather, it is a charge that must be
expensed but not necessarily over any time period.
For More Information – Go to: http://www.fdic.gov/deposit/insurance/assessments/index.html for a
comprehensive overview of assessments plus more detail on any of the topics above.
FDIC 6420/07A (4-07)

10 of 10