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SEMIANNUAL ASSESSMENT RETURN                    

 

 

TO:  THE CHIEF EXECUTIVE OFFICER          

        

This is your bank's semiannual assessment notice from the Comptroller of the Currency for the period July – December 2004.  The assessment calculation is based on the total 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 %.

 

The Comptroller of the Currency uses the Automated Clearing House (ACH) to receive your bank's assessment payments.  The ACH payment will be debited from your account within two business days of when the payment is called in to Global Payments.

 

INSTRUCTIONS FOR SUBMITTING ASSESSMENT PAYMENTS:

 

DIAL:          1-800-944-2020;   They will answer   “Global Payments"

 

REPLY:       "I have an INFORMATION REPORT".

MY ID number is:         7087/ _____

YOU MUST INCLUDE THE SLASH WHEN REPORTING THE ID NUMBER.

 

Report the Assessment amount rounded to the nearest whole dollar.

NOTE:    Global Payments is a contract service provider.  The phone number is available 24 hours daily, however calls received after 2PM  Eastern Time, are recorded with a receipt date of the following business day. 

 

GENERAL ASSESSMENT FEE SCHEDULE

 

If Total Assets as reported on call report are:

The Semiannual Assessment is

Over
(Million)

But not Over
(Million)

This
Amount

Plus

Of excess
over
(Million)

$0

$2

$5,075

.000000000

$0

2

20

5,075

.000210603

2

20

100

8,866

.000168481

20

100

200

22,344

.000109512

100

200

1,000

33,295

.000092663

200

1,000

2,000

107,425

.000075816

1,000

2,000

6,000

183,241

.000067393

2,000

6,000

20,000

452,813

.000057343

6,000

20,000

40,000

1,255,615

.000050403

20,000

40,000

 

2,263,675

.000033005

40,000

 

IMPORTANT:

*     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 assessment fee, based on the first $20 billion in assets.

*     Non-lead national banks are entitled to a 12% discount.  The rule defines a non-lead bank as a national bank that is not the largest national bank, based on total assets, controlled by a company owning two or more national banks.

*     Banks that own other banks and file a CONSOLIDATED call report, should deduct the assets of the subsidiary banks before computing and calling in their assessment fee to ensure assets are not assessed twice.


The General Assessment 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