OCC 2005-42
OCC Bulletin

    Subject:  Interim Final Rule
Description:  Assessment of Fees
       Date:  December 6, 2005 

TO:  Chief Executive Officers of All National Banks, Federal
Branches and Agencies,
     Department and Division Heads, and All Examining Personnel

On November 17, 2005, the Office of the Comptroller of the
Currency (OCC) published in the Federal Register the attached
interim final rule, with a request for comment, amending part 8
of the OCC's rules concerning the timing of payments of OCC
assessments.  The effective date of the interim rule is December
19, 2005.  Comments are due by December 19, 2005.

The interim final rule revises the current process for assessment
collection.  Under the current process, national banks must make
the initial calculation of the amount due to the OCC.  Under the
revised process established by this interim rule, the OCC, rather
than each national bank, will calculate the semiannual assessment
based on the most recent Consolidated Reports of Condition and
Income (call report).  The assessment will be due by March 31 and
September 30 of each year, which is two months later than under
the current process.  For example, in the coming year, payments
that would have been due on January 31, 2006, will instead be due
on March 31, 2006.  The OCC will notify each national bank of the
amount of its semiannual assessment and will deduct automatically
that amount from each bank's designated bank account on the
payment due date.  The interim rule changes the assessment
collection process only; it does not make changes to the method
for calculating assessments due from national banks.

For further information, contact Bruce Halper, team
leader-Revenue, Financial Management, at (202) 874-2199, or Jean
Campbell, senior attorney, or Mitchell Plave, counsel,
Legislative and Regulatory Activities Division, at (202) 874-
5090.


Julie L. Williams
First Senior Deputy Comptroller and Chief Counsel


Attachment:  70 FR 69641
[http://www.occ.treas.gov/fr/fedregister/70fr69641.pdf]