12 C.F.R. § 327.34 Application of AADAs.
Title 12 - Banks and Banking
This section interprets the meaning of the phrase “an insured depository institution's ‘adjusted attributable deposit amount’ for any semiannual period” as used in the introductory text of §327.32(a)(3). (a) In general. The phrase “for any semiannual period” refers to the current semiannual period: that is, the period for which the assessment is due, and for which an institution's adjusted attributable deposit amount (AADA) is computed. (b) Quarterly components of AADAs. An AADA for a current semiannual period consists of 2 quarterly AADA components. The first quarterly AADA component for the current period is determined with respect to the first quarter of the prior semiannual period, and the second quarterly AADA component for the current period is determined with respect to the second quarter of the prior period. (c) Application of AADAs. The value of an AADA that is to be applied to a quarterly assessment base in accordance with §327.32(a)(2) is the value of the quarterly AADA component for the corresponding quarter. (d) Initial AADAs. If an AADA for a current semiannual period has been generated in a transaction that has occurred in the second calendar quarter of the prior semiannual period, the first quarterly AADA component for the current period is deemed to have a value of zero. (e) Transition rule. Paragraphs (b), (c) and (d) of this section shall apply to any AADA for any semiannual period beginning on or after July 1, 1997. [61 FR 64984, Dec. 10, 1996]
Title 12: Banks and Banking
PART 327—ASSESSMENTS
Subpart B—Insured Depository Institutions Participating in Section 5(d)(3) Transactions
§ 327.34 Application of AADAs.
