The FDIC Board of Directors set their insurance fund’s designated reserve ratio (“DRR”) at 2% of estimated insured deposits, much higher than the 1.35% minimum required by Dodd-Frank. The decision to set the DRR at 2% was based on a historical showing analysis of losses to the insurance fund that, in order to maintain a positive fund balance and steady, predictable assessment rates, the reserve ratio must be at least 2% as a long-term, minimum goal.

The final rule is part of a comprehensive fund management plan proposed by the Board in October 2010. The Board expects to act on the remaining aspects of the comprehensive plan, assessment rates, and dividends in the first quarter of 2011.

If that doesn’t work, the FDIC will arrange for direct deposit into our Serta mattresses.