Calculate the initial deposit insurance assessment rate

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Reference no: EM132033686

Two depository institutions have composite CAMELS ratings of 1 or 2 and are ‘well capitalized.'

Thus, each institution falls into the FDIC Risk Category I deposit insurance assessment scheme. Further, the institutions have the following financial ratios and CAMELS ratings:

Tier I leverage ratio (%)	8.77	7.90
Loans past due 30-89 days/gross assets (%)	0.60	0.71
Nonperforming assets/gross assets (%)	0.50	0.65
Net loan charge-offs/gross assets (%)	0.43	0.47
Net income before taxes/risk-weighted assets (%)	2.30	2.01
Adjusted brokered deposits ratio (%)	0.00	15.71
CAMELS components:
C	1	1
A	2	1
M	2	2
E	2	2
L	2	2
S	1	1

	Pricing Multiplier
Uniform Amount	4.861
Tier I leverage ratio (%)	(0.056)
Loans past due 30-89 days/gross assets (%)	0.575
Nonperforming assets/gross assets (%)	1.074
Net loan charge-offs/gross assets (%)	1.210
Net income before taxes/risk-weighted assets (%)	(0.764)
Adjusted brokered deposits ratio (%)	0.065
Weighted average CAMELS component ratings	1.095

Calculate the initial deposit insurance assessment rate for each institution. (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.161))

Reference no: EM132033686

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