Reference: 12 CFR 8.2 and 8.6
Assessments are due January 31 and July 31, 2004 based on call report information as of December 31, 2003, and June 30, 2004, respectively. Assessments are paid in advance. For example, the assessment due January 31, 2004, covers the period January 1 through June 30, 2004.
Updated December 1, 2003
Effective January 1, 2004:
- 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 1.5 percent for 2004. As was the case in 2002 and 2003, 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 as well. The schedules shown below reflect these changes.
- As was the case in 2003, 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, 2003:
- Inflation adjusted general assessment schedule by 1.1% on first $20 billion of an institution's assets.
- Fees assessed independent trust banks and independent credit card banks changed.
- 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:
- Implementation of independent credit card bank fee.
- Increase in problem bank surcharge from 25% to 50% for 3-rated institutions and 100% for 4- and 5-rated institutions.
Effective January 1, 2001:
- Inflation adjusted general assessment schedule by 2% on first $20 billion of an institution's assets.
- Implementation of independent trust bank assessment.
- Discontinued prorated refunds for institutions that leave the national banking system part way through an assessment period.
- Increased hourly rate for special examinations from $49 to $110.
The OCC's assessment schedule also continues to include a surcharge for banks that require increased supervisory resources. The surcharge ensures that fees reflect the increased cost of supervision that applies to those banks, federal branches and agencies of foreign banks, and District of Columbia 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, 2003, or June 30, 2004). 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, and District of Columbia banks that are subject to the surcharge determine 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, federal branch or agency, or District of Columbia bank 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, federal branch or agency, or District of Columbia 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 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:
||But Not Over
||Of Excess Over (millions)
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:|
||But Not Over
||Of Excess Over (millions)
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:
||But Not Over
HOURLY RATE FOR EXAMINATIONS AND INVESTIGATIONS
Reference: 12 CFR 8.6
Effective date: Examinations and investigations subject to the fee beginning after January 1, 2004.
Rate: $110.00 per hour to recover the cost of conducting special examinations and
investigations described in 12 CFR 8.6.
LICENSING FEES 1/
12 CFR 5.5
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.
1/ Expedited processing is available to eligible banks as defined in 12 CFR 5 and 28. Applicants may request a reduced fee for transactions requiring multiple filings, steps, or banks. Applicants requesting reduced fees should consult with the licensing manager in the appropriate district office in advance of filing. Generally, fee concessions are not granted unless savings in the OCC's processing costs are demonstrated.