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Although the plan could be tweaked in the coming months based on public comment before it is finalized, the FDIC made clear that big banks will be on the hook. The agency said that institutions with more than $50b in assets would pay 95% of the fees, and those with less than $5b wouldn’t have to pay.
“In general, large banks with large amounts of uninsured deposits benefited the most,” FDIC Chairman Martin Gruenberg said. The payments can be made in eight installments quarterly starting in 2024, and the agency projects that 113 banks out of thousands in the US would have face them.
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