What we have observed so far might be called the “classical pattern” of the German “business cycle chain”, which consists of three elements. -  First, an initial demand stimulus in the form of strong exports. -  Second, as a result of this stimulus, a stepping-up of corporate investment. -  Third: an increase (albeit rather slight up to now) in private consumption.
The FDIC recommends that surcharges or rebates be used to bring the fund back to the target reserve ratio gradually. The FDIC also recommends the possibility of a target range for the designated reserve ratio, over which the premiums may remain constant, rather than a fixed target reserve ratio and abruptly changing premiums. We support such increased flexibility and smoothing of changes in premiums.