The OCC today released its 2020 fees and assessment schedule, and Comptroller of the Currency Joseph Otting announced that it will reduce the rates in all fee schedules by 10% for the second year in a row as a result of operational efficiencies gained over the past several years.
No inflation adjustment was made for assessments in 2020. Assessments are due March 31 and Sept. 30, based on Call Report information as of Dec. 31 and June 30, respectively.
To better ensure proper allocation and alignment of supervisory resources, the OCC also revised its assessment policy for institutions that enter the federal banking system in the time between assessment cycles. Under the new policy, the OCC will assess new entrance on a prorated basis using Call Report information as of Dec. 31 or June 30, depending on the date the institution enters the banking system.