ACTION:Final rule; request for comments on Paperwork Reduction Act burden estimates. The OCC adopted this policy to ensure that supervisory efforts and resources are allocated and aligned once an institution is subject to the jurisdiction of the OCC. 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. The proration policy is in line with the OCC’s refund policy for institutions that leave the federal banking system. 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News Release Jan 19, 2021. The surcharge is to be applied to all components of an institution’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). Follow us on social media. For the 2021 assessment year, there will be no inflation adjustment to assessment rates. The OCC's annual Notice of Office of the Comptroller of the Currency Fees and Assessments (Notice of Fees) sets forth the marginal assessment rates applicable to each asset-size bracket for each year, as well as other assessment components and fees. The rule was designed as a one-time change and will stay in effect until October 2020. Each national bank, federal savings association, and federal branch or agency of a foreign bank pays the general assessment fee. The surcharge will be determined in tandem with the asset-based assessment on December 31, 2020, and June 30, 2021. The OCC assesses institutions that enter the federal banking system in the time between assessment cycles. All requests for certified documents should be submitted electronically through the OCC’s FOIA Portal. Subject to any limit that the OCC prescribes in the “Notice of Office of the Comptroller of the Currency Fees and Assessments,” the OCC shall adjust the semiannual assessment computed in accordance with paragraphs (c)(1)(i) and (ii) of this section by multiplying that figure by 1.5 for each independent trust national bank and independent trust Federal savings association that receives a … Under current policy, the OCC will assess these new entrants to the federal charter on a prorated basis using call report information as of December 31 or June 30 depending on the date the institution enters the federal banking system. Compare these fee schedules. Effective date: Examinations and investigations are subject to the fee effective January 1, 2021. The data reported on the completed form will be used to calculate the Fee Assessment for each reporting company. The flows identify decision points firms should evaluate when determining whether a particular type of transaction is subject to the fee. In August 2006, the FDIC began providing a spreadsheet calculator on our website. The OCC is reducing the rates in all Fee Schedules by 3 percent. The calculation of the assessment fee is based on hospital cost report information; therefore, it is critical that hospitals ensure cost reports are filed timely with Myers and Stauffer. Make sure to include your OCC ID number in the email. 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