The Federal Deposit Insurance Corporation (FDIC) Board of Directors has approved an interim final rule to amend the collection process for a special assessment intended to recover losses to the Deposit Insurance Fund (DIF). These losses stem from the systemic risk determination made on March 12, 2023, following the closures of Silicon Valley Bank and Signature Bank. The FDIC is required by law to recoup these losses.
According to the FDIC, as of September 30, 2025, the estimated total cost associated with these bank failures that must be recovered through the special assessment is about $16.7 billion. This estimate may change as the FDIC continues its work as receiver for the failed banks, which includes selling assets and settling liabilities.
The new rule will reduce the rate at which this special assessment is collected in the eighth quarter, with payment due on March 30, 2026. This adjustment aims to ensure that by that time, collections will closely match loss estimates and prevent overcollection.
Additionally, if more money is collected than needed after resolving litigation between the FDIC and SVB Financial Trust—the largest variable affecting loss estimates—banks subject to this special assessment will receive an offset against their regular quarterly deposit insurance assessments. If there is still a surplus or shortfall when receiverships are terminated, further adjustments will be made: either additional offsets or a one-time final shortfall assessment.
The interim final rule takes effect upon publication in the Federal Register. The FDIC will accept public comments for 30 days after publication.
“The final rule ensures the FDIC will collect the correct amount through the special assessment, equal to the total losses attributable to the systemic risk exception, without overcollecting or undercollecting.”
