The OCC today proposed to amend its assessment rules to provide partial refunds to national banks, federal thrifts and federal branches of foreign banks that leave OCC jurisdiction before the end of the six-month assessment period. Assessments are currently due on March 31 and Sept. 30 of each year, with the deadlines falling halfway between the semiannual assessment periods of Jan. 1 through June 30 and July 1 through Dec. 31.
Under the proposed rule, banks leaving OCC jurisdiction on or before the March or September payment due dates would be eligible to receive a refund for the second three months of the assessment period. The proposal also includes technical amendments to the assessment rules. Comments on the proposed rule are due by April 19.