Reference: 12 CFR 8.1 through 8.8
Summary Supplemental
Assessment Changes
Updated February 19, 2008
Effective February 19, 2008:
-
The OCC has amended its assessment regulation to add two new asset-size
categories to the general assessment schedule used to calculate each national
bank's semiannual assessment. The addition of these categories is warranted to
take account of significant structural changes in the national banking system
and will enable the OCC to realign its assessments to better reflect industry
structure and the OCC's corresponding expenses of operations.
-
The former top bracket, which covered banks with assets of $40 billion and
above, has been replaced with a new bracket that will cover banks with assets
between $40 billion and $250 billion. In addition, a new top bracket has been
created that will apply to banks with assets in excess of $250 billion. The
schedules shown below reflect these changes.
-
The independent trust bank and independent credit card bank fee structures will
remain the same.
Effective January 1, 2008:
-
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 2.7 percent for 2008. As was the case in the previous six
years, the indexation adjustment will apply only to the first $20 billion in a
national bank's assets.
-
Fees assessed independent trust banks and independent credit card banks have
been adjusted for inflation. The schedules shown below reflect these changes.
-
As was the case in the previous five years, the OCC will charge interest on all
payments received after the due date. The interest rate charged will be the
United States Treasury Department's current value of funds rate that is
published quarterly in the Federal Register.
Effective January 1, 2007:
-
Several permanent changes to the assessment collection process were implemented
in 2006. These changes were based on revisions to the assessment regulations
recently adopted by the OCC (see 71 Federal Register 42017 dated July 25, 2006.
-
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 period beginning on January 1 and July 1, respectively. For example,
the assessment due March 31, 2007, covers the period January 1 through June 30,
2007.
-
Banks are no longer required to calculate their assessment and call in the
amount to be debited from their account. The OCC will calculate the assessment
due and draft the amount due on March 31 and September 30. The OCC will provide
seven-business days notice (at least) of the amounts to be drafted from an
institution's account. The institution is responsible for ensuring that the
accounts are properly funded on the due dates.
-
Indexed general assessment schedule by an inflation factor of 3.2% for the
first $20 billion of an institution's assets.
-
Adjusted independent trust bank and independent credit card bank surcharge fees
for inflation.
-
Assessed interest on all payments received after the assessment due date.
Effective January 1, 2006:
-
Indexed general assessment schedule by an inflation factor of 2.4% for the
first $20 billion of an institution's assets.
-
Adjusted independent trust bank and independent credit card bank surcharge fees
for inflation.
-
Assessed interest on all payments received after the assessment due date.
Effective January 1, 2005:
-
Indexed general assessment schedule by an inflation factor of 2.2% for the
first $20 billion of an institution's assets.
-
Adjusted independent trust bank and independent credit card bank surcharge fees
for inflation.
-
Assessed interest on all payments received after the assessment due date.
Effective January 1, 2004:
-
Indexed general assessment schedule by an inflation factor of 1.5% for the
first $20 billion of an institution's assets.
-
Adjusted independent trust bank and independent credit card bank surcharge fees
for inflation.
-
Assessed interest on all payments received after the assessment due date.
Effective January 1, 2003:
-
Indexed general assessment schedule by an inflation factor of 1.1% for the
first $20 billion of an institution's assets.
-
Adjusted fees assessed on independent trust banks and independent credit card
banks.
-
Assessed interest on all payments received after the assessment due date.
Effective July 1, 2002:
-
Clarified language related to the independent trust bank assessment component
of the semiannual assessment:
-
Pursuant to newly revised 12 CFR 8.6(c), the independent trust bank assessment
is based on "Fiduciary and Related Assets" as reported on Schedule RC-T of
FFIEC Forms 031 and 041. Specifically, total "Fiduciary and Related Assets" is
the sum of line 9 (columns A and B) and line 10 (column B) as reported on
Schedule RC-T.
Effective January 1, 2002:
-
Revised the general assessment fee schedule establishing a minimum base amount
($5,000) for the first assessment bracket of the semi-annual assessment
schedule ($0 - $2 million).
-
Changed the licensing application fees for charter applications to more
accurately reflect the cost of processing various categories of charter
proposals. Changes were also made to include newly authorized types of
applications to merge with subsidiaries or affiliates or to reorganize
ownership of a national bank. In addition, several clarifying changes were made
to the fee schedule and related footnotes.
Effective July 1, 2001:
-
Implemented independent credit card bank fee.
-
Increased problem bank surcharge from 25% to 50% for 3-rated institutions and
100% for 4- and 5-rated institutions.
Effective January 1, 2001:
-
Indexed general assessment schedule by an inflation factor of 2.0% for the
first $20 billion of an institution's assets.
-
Implemented independent trust bank assessment.
-
Discontinued prorated refunds for institutions that leave the national banking
system partway through an assessment period.
-
Increased hourly rate for special examinations from $49 to $110.
The OCC's assessment schedule continues to include a surcharge for banks that
require increased supervisory resources. The surcharge ensures that fees
reflect the increased cost of supervision that apply to those banks, federal
branches and agencies of foreign banks rated 3, 4, or 5 under the uniform
financial institution rating system (UFIRS) or the risk management, operational
controls, compliance, and asset quality (ROCA) rating system as of the relevant
call date (i.e., December 31, 2007, or June 30, 2008). The surcharge is to be
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
branches, and agencies of foreign banks that are subject to the surcharge can
calculate their surcharge by multiplying the sum of the assessment based on the
institution's book assets up to $20 billion, the independent trust bank
assessment (if applicable), and the independent credit card assessment (if
applicable) by 50 percent for 3-rated institutions and 100 percent for 4- and
5-rated institutions.
The OCC will continue to reduce the assessment of nonlead national banks by 12
percent. A nonlead bank for this purpose is a national bank and federal branch
or agency that is not the largest national bank, based on total assets,
controlled by a company owning two or more national banks. Nonlead national
banks within any company should multiply their calculated general assessment by
0.88 to recognize the 12 percent 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 are not affiliated with full-service national banks.
Each national bank and federal branch or agency 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 should be
calculated using the schedules below and then adjusted for the nonlead discount
and/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
|
$5,480 |
0.000000000 |
$0 |
2 |
20 |
$5,480 |
0.000216081 |
2 |
20 |
100 |
9,369 |
0.000172865 |
20 |
100 |
200 |
23,198 |
0.000112360 |
100 |
200 |
1,000 |
34,434 |
0.000095074 |
200 |
1,000 |
2,000 |
110,493 |
0.000077789 |
1,000 |
2,000 |
6,000 |
188,282 |
0.000069146 |
2,000 |
6,000 |
20,000 |
464,866 |
0.000058835 |
6,000 |
20,000 |
40,000 |
1,288,556 |
0.000047883 |
20,000 |
40,000 |
250,000 |
2,246,216 |
0.000032675
|
40,000 |
250,000 |
|
9,107,966 |
0.000032348
|
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 |
20,815 |
0.000000000 |
$0 |
1,000 |
10,000 |
20,815 |
0.000004149 |
1,000 |
10,000 |
100,000 |
58,156 |
0.000000695 |
10,000 |
100,000 |
|
120,706 |
0.000000442 |
100,000 |
Independent Credit Card Bank Semiannual Assessment Schedule
If the bank's total off-balance sheet receivables attributable are: (millions) |
The Independent Credit Card Bank Semiannual Assessment will be: |
Over |
But Not Over |
$0 |
$100 |
$44,375 |
100 |
1,000 |
66,300 |
1,000 |
5,000 |
88,750 |
5,000 |
|
110,695 |
HOURLY RATE FOR EXAMINATIONS AND INVESTIGATIONS
Reference: 12 CFR 8.6
Effective date: Examinations and investigations subject to the fee beginning
after January 1, 2003.
Rate: $110.00 per hour to recover the cost of conducting special examinations
and investigations described in 12 CFR 8.6.
LICENSING FEES
Reference: 12 CFR 5.5
All licensing fees have been suspended for calendar year 2008. This change is
effective January 1, 2008.
Fees paid by check should be made payable to the "Comptroller of the Currency."
Payments by check will be converted into an electronic fund transfer. Please
read the following notice if paying by
check.
|