← Treasury Federal Register rules

Assessment of Fees

banking-occ · OCC · Rule · Published 2014-07-09 · Effective 2014-08-08 · 79 FR 38769

Document

Document number
2014-16017
Federal Register citation
79 FR 38769
CFR reference
12 CFR 8
Type
Rule
Action
Final rule.
Category
banking-occ
Sub-agency
OCC
Publication date
2014-07-09
Effective date
2014-08-08
Treasury docket
Docket ID. OCC-2014-0009

Abstract

The Office of the Comptroller of the Currency (OCC) is adopting a final rule to increase assessments for national banks and Federal savings associations (FSAs) with assets of more than $40 billion. The increase will range between 0.32 percent and approximately 14 percent, depending on the total assets of the institution as reflected in its June 30, 2014, Consolidated Report of Condition and Income (Call Report). The average increase in assessments for affected banks and FSAs will be 12 percent. The final rule will not increase assessments for banks or FSAs with $40 billion or less in total assets. The OCC will implement the increase in assessments by issuing an amended Notice of Office of the Comptroller of the Currency Fees and Assessments (Notice of Fees), which will become effective as of the semiannual assessment due on September 30, 2014. In conjunction with the increase in assessments, the final rule updates the OCC's assessment rule to conform with section 318 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act), which reaffirmed the authority of the Comptroller of the Currency (the Comptroller) to set the amount of, and methodology for, assessments. The final rule also makes technical and conforming changes to the assessment rule.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown