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Notice of Fees: Semi-Annual Assessment

  • Reference: 12 CFR 8, “Assessment of Fees”

Assessment Information

Updated July 14, 2014

Effective date July 14, 2014:

For the assessment due September 30, 2014, the OCC has increased the marginal rate for institutions with assets of more than $40 billion. This reflects changes in the OCC’s supervisory responsibilities arising out of the Dodd-Frank Wall Street Reform and Consumer Protection Act. This interim notice of fees announcement applies to all banks.  The increase in assessments, which this notice implements, applies only to banks with more than $40 billion in assets.

  • assessments are due March 31 and September 30, based on call report information as of December 31 and June 30, respectively. The assessments cover the six-month periods beginning January 1 and July 1, respectively. For example, the assessment due March 31 covers the period January 1 through June 30.
  • the marginal rates of the OCC’s general assessment schedule continue to be indexed to reflect inflation as measured by the Gross Domestic Product Implicit Price Deflator (GDPIPD) for the previous June-to-June period. The GDPIPD adjustment is 1.4 percent for 2014. The indexation adjustment applies to all assets of a national bank, federal savings association, or federal branch or agency of a foreign bank.
  • fees assessed on independent trust banks and on independent credit card banks have also been adjusted for inflation.
  • OCC sends the assessment invoice, which includes the calculated assessment fee and drafts the fee amount on March 31 and September 30. The OCC provides seven business days’ notice of the amount to be drafted from an institution’s designated account. The institution is responsible for ensuring that the account is funded properly on the due dates.
  • the OCC continues to charge interest on all payments received after the due date. The interest rate charged will be the U.S. Department of the Treasury’s current value of funds rate published quarterly in the Federal Register.
  • national banks, federal savings associations, and federal branches and agencies of foreign banks that are no longer subject to OCC supervision on or before December 31, 2013 or June 30, 2014, are not subject to the semiannual assessment for the period beginning January 1 or July 1, respectively. Only those institutions leaving the federal banking system before the close of business on those dates avoid paying the semiannual assessment for the period beginning January 1 or July 1, as applicable.

The OCC’s assessment schedule continues to include a surcharge for national banks, federal savings associations, and federal branches and agencies of foreign banks that require increased supervisory resources. The surcharge ensures that fees reflect the increased cost of supervision applying to those national banks, federal savings associations, and federal branches and agencies of foreign banks rated 3, 4, or 5 under the Uniform Financial Institutions Rating System. The surcharge also ensures that fees reflect the increased cost of supervision for these same banks under the Risk Management, Operational Controls, Compliance, and Asset Quality Rating System as of the relevant call date (that is, December 31, 2013 or June 30, 2014). The surcharge is applied to all components of an institution’s assessment, including book assets, assets under management (for independent trust banks), and receivables attributable (for independent credit card banks). National banks, federal savings associations, and federal branches and agencies of foreign banks subject to the surcharge calculate the surcharge by multiplying the sum of the general assessment (based on the institution’s book assets up to $40 billion) plus multiplying the independent trust bank assessment or the independent credit card bank assessment by 50 percent for 3-rated institutions and 100 percent for 4- and 5-rated institutions.

The OCC continues to reduce the assessment of nonlead national banks, federal savings associations, and federal branches and agencies of foreign banks by 12 percent. A nonlead institution, for this purpose, is a national bank, federal savings association, or federal branch or agency of a foreign bank that is not the largest national bank, federal savings association, or federal branch or agency of a foreign bank, based on total assets, controlled by a company owning two or more national banks, federal savings associations, or federal branches or agencies of foreign banks. Nonlead national banks, federal savings associations, and federal branches and agencies of foreign banks within any company should multiply their calculated general assessment by 88 percent to recognize the nonlead discount. The 12 percent discount does not apply to the independent trust bank assessment or the independent credit card bank assessment, given that independent trust banks and independent credit card banks, by definition, are not affiliated with full-service national banks, federal savings associations, or federal branches or agencies of foreign banks.

Each national bank, federal savings association, and federal branch and agency of foreign bank pays the general assessment fee. Independent trust banks pay the general assessment fee and the independent trust bank assessment. Independent credit card banks pay the general assessment fee and the independent credit card bank assessment. Assessments are calculated using the schedules below and then adjusted for the nonlead discount or condition surcharge.

General Assessment Fee Schedule

If the amount of total balance-sheet assets (consolidated domestic and foreign subsidiaries) is (millions) The semiannual assessment will be
Over But not over This amount Plus Of excess over (millions)

$                       0

$                       2

$              5,997

0.000000000

$                       0

2

20

5,997

0.000236725

2

20

100

10,258

0.000189379

20

100

200

25,408

0.000123092

100

200

1,000

37,717

0.000104156

200

1,000

2,000

121,041

0.000085218

1,000

2,000

6,000

206,259

0.000075749

2,000

6,000

20,000

509,255

0.000064454

6,000

20,000

40,000

1,411,611

0.000048553

20,000

40,000

250,000

2,382,671

0.000037936

40,000

250,000

 

10,349,260

0.000037556

250,000

 

Independent Trust Bank Semiannual Assessment Schedule

If the total amount of fiduciary and related assets is (millions) The independent trust bank semiannual assessment will be
Over But not over This amount Plus Of excess over (millions)

$                       0

$                1,000

$              22,800

0.000000000

$                       0

1,000

10,000

22,800

0.000004543

1,000

10,000

100,000

63,687

0.000000758

10,000

100,000

 

131,907

0.000000481

100,000

 

Independent Credit Card Bank Semiannual Assessment Schedule

If the total off-balance-sheet receivables attributable are (millions) The independent credit card bank semiannual assessment will be
Over But not over

$                      0

$                        100

$                    48,610

100

1,000

72,627

1,000

5,000

97,226

5,000

 

121,263


HOURLY RATE FOR EXAMINATIONS AND INVESTIGATIONS

Reference: 12 CFR 8.6

Effective date: Examinations and investigations subject to the fee effective January 1, 2003.

Rate: $110.00 per hour to recover the cost of conducting special examinations and investigations described in 12 CFR 8.6.  Examinations of the fiduciary activities of national banks, federal savings associations, and federal branches and agencies of foreign banks and related entities under 12 CFR 8.6(a) (1) are generally not subject to hourly rates.

LICENSING FEES

Reference: 12 CFR 5.5

All licensing fees have been suspended for calendar year 2014.  This change became effective January 1, 2008, for calendar year 2008 and continues to be in effect through calendar year 2014.

MISCELLANEOUS FEES

Prepayment is required for bank histories and certifications.

Bank history for single bank:
  • Less than 50 years

$

75.00

  • 50 years or more

$

150.00

 

Bank histories are provided to determine the successor to inactive national banks and federal savings associations. They include such corporate transactions as name changes, mergers, closings, and the current address of the successor institution, if available.

Certificates relating to licensing bank activities:

$ 100.00

  • Title changes
  • Mergers
  • Articles of association
  • Receivership determination and appointment of receiver
  • Charter
  • Corporate existence
  • Fiduciary powers