← Treasury Federal Register rules

Assessment of Fees; National Banks; District of Columbia Banks

banking-occ · OCC · Rule · Published 1997-12-04 · Effective 1997-12-31 · 62 FR 64135

Document

Document number
97-31867
Federal Register citation
62 FR 64135
CFR reference
12 CFR 8
Type
Rule
Action
Final rule.
Category
banking-occ
Sub-agency
OCC
Publication date
1997-12-04
Effective date
1997-12-31
Treasury docket
Docket No. 97-23

Abstract

The Office of the Comptroller of the Currency (OCC), in order to more accurately reflect the OCC's costs of supervising banks, is amending its assessment regulation to impose a surcharge on banks that receive a rating of 3, 4, or 5 under the Uniform Financial Institutions Rating System (UFIRS) (also referred to as the CAMELS rating) and on Federal branches and agencies of foreign banks that receive a rating of 3, 4, or 5 under the ROCA rating system (which rates risk management, operational controls, compliance, and asset quality). This amendment will enable the OCC to distribute more equitably the costs it incurs when supervising institutions that are experiencing significant problems. The OCC also is eliminating the annual franchise fee on banks that are registered as municipal and/or government securities dealers.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown