Patrick Mitchell

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55 appearances 1 recordings 1 series first heard Jul 2026 last heard 23 Jul

Patrick Mitchell’s voice in public audio — every appearance, attributed to the second.

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ABA Banking Journal Podcast · Why it might be time to revisit a key FDIC ratio · 23 Jul 2026 podcast

Thanks, Evan.

Thank you.

Sure.

I'll take a first stab at that.

And on the minimum reserve ratio, it's very clear.

So that one is set out by statute.

So Congress has mandated that the FDIC must maintain a fund of 1.35% of insured deposits.

And so that is something that they have to maintain.

And if they do not, for whatever reason, for example, large amounts of bank failures, then they have to increase assessments and they have to come back to within 1.35 within eight years.

So that's a statutory requirement.

The designated reserve ratio is a little bit different.

It's also a statutory requirement that the FDIC designate one.

However, Congress did not mandate that it was set at any minimum level other than it had to be at or above 1.35%.

So what the FDIC has done is they've set that out to as a long range goal for the fund to

And that actually helps, to your point, Evan, that you made, this actually helps drive the level of assessments that banks are charged as they are trying to get to 2%, which is what it's been set since 2010.

So for 16 years, which was set in the midst of the crisis.

So that level has been set.

And then since that time, they've been charging rates to get them to 2%.

That was actually created, which is very reasonable.

What the FDIC did is they looked at, they've really had two stress time periods since their inception, really, where there have been material amounts of bank failures.

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