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To: Chief Executive Officers of National Banks and Federal Savings Associations, All Department and Division Heads, All Examining Personnel, and Other Interested Parties

Description: Proposed Rule


The Office of the Comptroller of the Currency (OCC) has issued a proposed rule that would increase the amount of the OCC’s semiannual assessment on national banks and federal savings associations (FSA) with more than $40 billion in assets. The proposal would not change the assessment amounts for banks and FSAs with less than $40 billion in assets. The proposal was published in the Federal Register on April 28, 2014.

The proposal would raise the marginal assessment rates on assets in excess of $40 billion by 14.5 percent. The total increase in the assessment amount for an individual bank or FSA would depend on its total assets, with increases ranging from between 0.32 percent and 14 percent. The increase in assessments would be effective for the assessment due on September 30, 2014.

The proposed increase in assessments for these larger institutions results from the need to fund new or enhanced OCC activities necessary to supervise implementation of post-crisis financial reforms, primarily by large banks and FSAs.

The proposal would make a conforming amendment to 12 CFR 8 to make it consistent with the proposed increase in assessments. The proposal also would amend 12 CFR 8 to add a reference to section 318 of the Dodd–Frank Wall Street Reform and Consumer Protection Act, which reaffirms the Comptroller of the Currency’s broad discretion to set assessments and to determine the assessment methodology. The proposal also would update 12 CFR 8.8 to reflect the current title of “Notice of Fees and Assessments.”

The comment period for the proposed rule ends on June 12, 2014.


The proposed rule would

  • increase the marginal assessment rates on asset amounts in excess of $40 billion by 14.5 percent.
  • amend 12 CFR 8 to clarify, consistent with section 318 of the Dodd-Frank Act, that the Comptroller may increase marginal assessment rates for reasons other than inflationary indexing.

Note for Community Banks

The proposed rule will not increase assessments for community banks.

Further Information

Direct questions or comments to Gary Crane, Deputy Chief Financial Officer, Financial Management, (202) 649-5540; or Mitchell Plave, Special Counsel, Legislative and Regulatory Activities Division, (202) 649‑5490.


Amy S. Friend
Senior Deputy Comptroller and Chief Counsel

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