The largest US banks with more than $5 billion in uninsured deposits at Dec. 31, 2022, will be subject to an eight-quarter payment under the Federal Deposit Insurance Corp.'s finalized special assessment. The announcement is in line with CDBA's position, stated in our July 20 comment letter, that requiring small, mission-focused banks to contribute to the special assessment would misdirect funds that would otherwise finance affordable housing, small business loans, and other essential activities in capital-starved areas.