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2012 MBA Group Membership Meetings
The MBA group membership meetings are approaching fast. Be sure to join your friends and colleagues for a chance to take advantage of the valuable networking opportunities and industry updates by attending group meetings in any area o...
| • Loan Review/ ALLL Wed May 23 @ 9:00AM - Wed May 23 @ 4:00PM |
| • Analyzing Personal Financial Statements and Personal Tax Returns Thu May 24 @ 9:00AM - Thu May 24 @ 4:00PM |
Communications News Media News FICO Payments Will Be Calculated on the New Assessment Base
Banks’ Financing Corporation obligations will be calculated according to the new assessment base set by the Dodd-Frank Act: average assets less Tier 1 capital.
Under the current assessment base, the annual assessment rate for the FICO bonds is 1.04 basis points. Under the broader new assessment base, which will go into effect in 2011’s second quarter, it is estimated that the rate for banks will decline to 0.66 basis points while raising the same amount to cover the FICO interest obligation.
