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.
Purpose. This subpart B of part 327 sets forth the rules for:
Determination of the aggregate amount of the one-time credit;
Identification of eligible insured depository institutions;
Determination of the amount of each eligible institution's December 31, 1996 assessment base ratio and one-time credit;
Transferability of credit amounts among insured depository institutions;
Application of such credit amounts against assessments; and
An institution's request for review of the FDIC's determination of a credit amount.
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