The Federal Deposit Insurance Corporation (“FDIC”) approved two proposed rules amending the deposit insurance assessment regulations. The first would implement a provision in the Dodd-Frank Act that changes the assessment base from one based on adjusted domestic deposits (as it has been since 1935) to one based on assets, i.e., average consolidated total assets minus average tangible equity. Since the new base would be much larger than the current base, the FDIC is also proposing to lower assessment rates, which achieves the FDIC’s goal of not significantly altering the total amount of revenue collected from the industry. The second proposal replaces a proposed rule revising the deposit insurance assessment system for large banks that was approved by the FDIC on April 13, 2010. The second proposal eliminates risk categories and debt ratings from the assessment calculation for large banks and proposes using scorecards, including financial measures predictive of long-term performance. A large financial institution would continue to be defined as an insured depository institution with at least $10 billion in assets. Both proposals will have a 45-day comment period upon publication in the Federal Register. The FDIC is proposing that both changes in the assessment system be effective as of April 1, 2011.