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Notice of Fees: Semiannual Assessment

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

Assessment Information

Effective date January 1, 2019

The OCC is reducing the marginal rates in the General Assessment Fee Schedule by 10 percent. The reduction in marginal rates reflects cost savings in the OCC’s operations and projections of the OCC’s costs and revenue over time. For the 2019 assessment year, there will be no inflation adjustment to assessment rates.

The OCC has revised the refund policy for institutions that leave the federal banking system after the December 31 and June 30 Call Report dates. Under the new policy, if a bank leaves the federal banking system during the first half of a semiannual assessment period, the OCC will issue a refund to the bank for the second half of the bank’s semiannual assessment. If a bank leaves the federal banking system in the second half of the assessment period, no refund will be issued. The OCC is adopting this revised policy so that banks will not be required to pre-pay for three months of supervision after they are no longer subject to the jurisdiction of the OCC.

  • 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 OCC sends the assessment invoice, which includes the calculated assessment fee due, 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 is 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, 2018, or June 30, 2019, are not subject to the semiannual assessment for the period beginning January 1 or July 1, respectively.
  • Institutions that leave the federal banking system after December 31, 2018, or June 30, 2019, and before March 31, 2019, or September 30, 2019, respectively, will receive a refund of the second half of their semiannual assessment. Institutions that leave the federal banking system after March 31, 2019, or September 30, 2019, respectively, will be subject to the full semiannual assessment.

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. The surcharge will be determined in tandem with the asset-based assessment on December 31, 2018, and June 30, 2019. Increases or decreases in ratings after December 31, 2018, and June 30, 2019, will be reflected in the subsequent assessment period. 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 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) and 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 a 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 in this bulletin 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 is

Over

But not over

This amount

Plus

Of excess over (millions)

$

0

$

2

$

5,548

0.000000000

$

0

2

20

5,548

0.000219058

2

20

100

9,491

0.000175245

20

100

200

23,510

0.000113904

100

200

1,000

34,900

0.000096381

200

1,000

2,000

112,004

0.000078857

1,000

2,000

6,000

190,861

0.000070094

2,000

6,000

20,000

471,237

0.000059643

6,000

20,000

40,000

1,306,239

0.000044928

20,000

40,000

250,000

2,204,799

0.000035103

40,000

250,000

 

9,576,429

0.000034751

250,000

 

Independent Trust Bank Assessment Fee Schedule

If the total amount of fiduciary and related assets is (millions) … … the independent trust bank semiannual assessment is

Over

But not over

This amount

Plus

Of excess over (millions)

$

0

$

1,000

$

23,441

0.000000000

$

0

1,000

10,000

23,441

0.000004670

1,000

10,000

100,000

65,471

0.000000779

10,000

100,000

 

135,581

0.000000493

100,000

 

Independent Credit Card Bank Assessment Fee Schedule

If the total amount of off-balance-sheet receivables attributable are (millions) … … the independent credit card bank semiannual assessment is

Over

But not over

 

$

0

$

100

$

49,979

100

1,000

74,674

1,000

5,000

99,966

5,000

 

124,681

Hourly Rate for Examinations And Investigations

Reference: 12 CFR 8.6., “Fees for special examinations and investigations”

Effective date: Examinations and investigations are subject to the fee effective January 1, 2019.

Rate: $110 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) generally are not subject to hourly rates.

Licensing Fees

Reference: 12 CFR 5.5, “Fees”

All licensing fees have been suspended for calendar year 2019.

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

 

  • Copies of certificates (copies are available only when the original copy is ordered at $100.00)
$10.00

 

The OCC does not scan, e-mail, or fax certificates and certifications or confirm them by telephone. No expedited service or special dating of certificates is provided.  Requests are handled on a first-come, first-served basis.

Freedom of Information Act and Privacy Act requests:

 

  • Search and review

$ 60.00 an hour

  • Photocopying

$ 0.20 a page

 

 

  Examination reports:

 

  • Initial copy

Free

  • Additional copies—each

$ 10.00

  • Special requests—each

$ 50.00