The Federal Deposit Insurance Corp. announced Wednesday it has scheduled a Dec. 14 board meeting to discuss its target for the Deposit Insurance Fund, two items related to Basel capital standards and the agency's 2011 operating budget.
The agency's board, scheduled to meet at 10 a.m., is expected to adopt a target ratio for the DIF — measured as reserves to insured deposits — of 2%. The so-called designated reserve ratio is meant to help guide the agency's long-term funding goals. When it proposed the 2% ratio in October, it said the DIF would not reach that level before 2027.
Also on the agenda are Basel-related items having to do with market risk and the establishment of a risk-based capital floor. The board will also address the agency's budgetary needs for next year. Last year, it proposed a 2010 operating budget of $4 billion, a 55% increase from the previous year to help respond to bank failures.
