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OCC Bulletin 2023-36
December 1, 2023
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Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties
This bulletin informs all national banks, federal savings associations, and federal branches and agencies of foreign banks of fees and assessments charged by the Office of the Comptroller of the Currency (OCC) for calendar year 2024. The bulletin becomes effective January 1, 2024.
This notice applies to all national banks, federal savings associations, and federal branches and agencies of foreign banks.1
Reference: 12 CFR 8, “Assessment of Fees”
In setting assessments, the OCC may take into account the nature and scope of the activities of a national bank, federal savings association, and federal branches and agencies of foreign banks; the amount and type of assets that the entity holds; the financial and managerial condition of the entity; and any other factor the Comptroller of the Currency determines is appropriate, as provided by 12 USC 16.
2024 Assessment Schedule
As of January 1, 2024,
The OCC’s assessment schedule continues to include a surcharge for banks that require increased supervisory resources. The surcharge ensures that fees reflect the increased cost of supervision applying to banks rated 3, 4, or 5 under the Uniform Financial Institutions Rating System. The surcharge also ensures that fees reflect the increased cost of supervision for these banks. The surcharge will be determined in tandem with the asset-based assessment on December 31, 2023, and June 30, 2024. Increases or decreases in ratings after December 31, 2023, and June 30, 2024, will be reflected in the subsequent assessment period. The surcharge is to be applied to all components of a bank’s assessment, including book assets, assets under management (for independent trust national banks/federal savings associations), and receivables attributable (for independent credit card national banks/federal savings associations). Banks subject to the surcharge calculate the surcharge by multiplying the sum of the general assessment (based on the bank’s book assets up to $40 billion) and the independent trust national bank/federal savings association assessment or the independent credit card national bank/federal savings association assessment by 50 percent for 3-rated banks and 100 percent for 4- and 5-rated banks.
The OCC continues to reduce the assessment of non-lead banks by 12 percent. A non-lead bank, for this purpose, is a bank that is not the largest national bank, federal savings association, or federal branch or agency of a foreign bank, based on total assets, controlled by a company owning two or more national banks, federal savings associations, or federal branches or agencies of foreign banks. Non-lead banks within any company should multiply their calculated general assessment by 88 percent to recognize the non-lead discount. The 12 percent discount does not apply to the independent trust national bank/federal savings association assessment or the independent credit card national bank/federal savings association assessment, given that independent trust national banks/federal savings associations and independent credit card national banks/federal savings associations, by definition, are not affiliated with full-service banks
Each bank pays the general assessment fee. Independent trust national banks/federal savings associations pay the general assessment fee and the independent trust national bank/federal savings association assessment fee. Independent credit card national banks/federal savings associations pay the general assessment fee and the independent credit card national bank/federal savings association assessment fee. Assessments are calculated using the schedules in this bulletin and then adjusted for the non-lead discount or condition surcharge.
Reference: 12 CFR 8.6, “Fees for Special Examinations and Investigations”
Effective date: Examinations and investigations are subject to the fee effective January 1, 2024.
Rate: $170 per hour to recover the cost of conducting special examinations and investigations described in 12 CFR 8.6. Examinations of the fiduciary activities of banks and related entities under 12 CFR 8.6(a)(1) generally are not subject to hourly rates.
Prepayment is required for certifications.
All requests for certified documents should be submitted electronically through the OCC’s Freedom of Information Act Portal. Prepayment is required. All certificates are transmitted electronically. No copies, expedited service, or special handling of certificates is provided. Requests are processed on a first-come, first-served basis. Please visit the OCC’s Certifications Page for additional information.
Please contact BankAssessments@occ.treas.gov or (202) 649-7946.
Senior Deputy Comptroller for the Office of Management/Chief Management Officer
1 This bulletin refers to all entities under OCC supervision collectively as “banks” unless it is necessary to distinguish among them.