On October 19th, the FDIC voted to propose a comprehensive, long-range plan for deposit insurance fund management. As part of the fund management plan, the Board adopted a new Restoration Plan to ensure that the fund reserve ratio reaches 1.35 percent by September 30th, 2020, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act"). The Restoration Plan also forgoes the uniform 3 basis point assessment rate increase previously scheduled to go into effect January 1st, 2011, and keeps the current rate schedule in effect. The Board's decision was informed by an updated FDIC analysis that forecasts somewhat lower losses from 2010 through 2014. The Board also adopted a notice of proposed rulemaking based upon an FDIC historical analysis of fund losses demonstrating that, to maintain a positive fund balance and steady, predictable assessment rates, the Deposit Insurance Fund reserve ratio must be at least 2 percent before a period of large fund losses, and average assessment rates over time must be approximately 8.5 basis points. FDIC Press Release; Board Summary.