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Semiannual Schedule of Fees for INDEPENDENT TRUST BANKS

 

 

 

 

Independent Trust Banks are subject to an additional fee based upon their Fiduciary and Related Assets (as specified below).  Your bank has been identified as meeting the guidelines of an Independent Trust Bank and should use the schedule below to compute this portion of the fee.

 

Pursuant to revised 12CFR 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&B) and Line 10 (Column B) as reported on Schedule RC-T.

 

The assessment calculation is based upon the Fiduciary and Related Assets as filed on the JUNE 30, 2004 call report.  Payment of the assessment fee is due by JULY 31, 2004.  Payments received after the due date will be charged interest at an annual rate of 1 %.

 

Please submit the Independent Trust Bank fee in addition to the general assessment shown on the previous page and follow the same instructions for submitting payment.

 

 

 

If The amount of total Fiduciary and Related Assets is:

Independent Trust Bank Fee will be:

Over
(Million)

But not Over
(Million)

This
Amount

Plus

Of excess
over
(Million)

$0

$1,000

$19,275

.000000000

$0

1,000

10,000

19,275

.000003842

1,000

10,000

100,000

53,853

.000000644

10,000

100,000

 

111,813

.000000410

100,000

 

NOTE:  All independent trust banks will be subject to at least the minimum trust bank fee of $19,275.

 

 

 

IMPORTANT:

      The surcharge applies to all components of an institution’s assessment, including the independent trust bank fee.  Banks informed of composite CAMELS/ROCA ratings of 3, 4, or 5 as of June 30, 2004, should add 50%, 100%, or 100% respectively over and above their regular independent trust bank fee. 

 

The Independent Trust Bank Fee Schedule and other information about assessments may be obtained via www.OCC.treas.gov  the official OCC web address.  Select “Subject Index”, scroll down to Assessments, and then select the desired information.
 

 

 


 

Questions regarding the assessment process should be directed to Revenue Accounting at (866) 874-5150

or BankAssessments@OCC.Treas.Gov