OCC 2000-10 Subject: Assessment of Fees for National Banks and District of Columbia Banks Description: Proposed Rule Date: March 29, 2000 TO: Chief Executive Officers of All National Banks, Department and Division Heads, and All Examining Personnel The attached proposed rule on assessment of fees for national banks and District of Columbia banks was published in the Federal Register on March 21, 2000. Comments are due April 20, 2000. The Office of the Comptroller of the Currency (OCC) is requesting comment on proposed amendments to the OCC's assessment regulation, 12 CFR Part 8, that would enable the OCC to capture better the costs of supervising national trust banks that are not affiliated with a full service national bank (independent trust banks). Under the proposal, an independent trust bank with less than $1 billion in trust assets under management would pay a flat fee in addition to the assessment computed based on the institution's book assets. An independent trust bank with $1 billion or more in such assets would multiply its assets under management by a rate provided by the OCC and add the product to the assessment computed on book assets. Both the amount of the flat fee and the rate to be applied by trust banks with over $1 billion in assets under management would be published in the annual Notice of Comptroller of the Currency Fees. The attached notice invites comments on all aspects of the proposed rule. For further information, please contact Mitchell E.F. Plave, senior attorney, Legislative and Regulatory Activities Division, (202) 874-5090, or Karen McCluskey, national bank examiner, Bank Supervision Policy, (202) 874-7276. ____________________________________ Julie L. Williams First Senior Deputy Comptroller and Chief Counsel Attachment--65 FR 15111