|
The FDIC board of directors has set a Designated Reserve
Ratio of 1.25 percent. That means their "target" balance for the fund is 1.25 percent of estimated insured deposits.
As of March 31, the fund was $52.843 billion and insured deposits were $4.431 trillion, which resulted in a reserve ratio of 1.19 percent, 0.06 percentage point below the Board's target.
If the fund falls below 1.15 percent of estimated insured deposits, the FDIC is required by law to adopt a restoration plan that will bring the reserve ratio back to 1.15 percent within five years.
|