OCC Reduces Marginal Assessment Fees by 10 Percent, Institutes Refund Policy

The OCC today released its 2019 fees and assessment schedule.  Fulfilling a promise that Comptroller Joseph Otting made earlier this year of working toward agency efficiency without affecting staff or reducing supervision, the agency noted that, as a result of operational cost savings, it will reduce the marginal rates by 10 percent.  No inflation adjustment was made for assessments in 2019. Assessments are due March 31 and Sept. 30, based on Call Report information as of Dec. 31 and June 30, respectively. The 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.

In addition, the OCC is revising its policy to offer refunds to institutions that leave the federal banking system after the Dec. 31 and June 30 Call Report dates, to ensure that banks will not be required to pre-pay for three months of supervision after they are no longer subject to OCC jurisdiction. Banks leaving the federal banking system during the first half of the semiannual assessment period will receive a refund for the second half of the assessment period; no refund will be issued for banks exiting the federal banking system in the second half of the assessment period.