On September 29th, the FDIC requested comment on a proposal that would require insured institutions to prepay their estimated quarterly risk-based assessments for the fourth quarter of 2009 and for all of 2010, 2011 and 2012. The FDIC estimates that the total prepaid assessments collected would be approximately $45 billion. The FDIC also adopted a uniform three-basis point increase in assessment rates effective on January 1, 2011, and extended the restoration period from seven to eight years. Comments on the proposed prepayment of assessments should be submitted on or before October 28, 2009. FDIC Press Release. See also Industry Response.