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TREAS/OCC | RIN: 1557-AE95 | Publication ID: Spring 2021 |
Title: Assessment of Fees | |
Abstract:
The OCC adopted an interim final rule to reduce assessments in response to the national emergency declared in connection with coronavirus disease 2019 (COVID19). Under the interim final rule, assessments due on September 30, 2020, for national banks, Federal savings associations, and Federal branches and agencies of foreign banks (collectively, banks under the jurisdiction of the OCC) were calculated using the December 31, 2019, "Consolidated Reports of Condition and Income" (Call Report) for each institution, rather than the June 30, 2020 Call Report. This will result in lower assessments for most banks under the jurisdiction of the OCC. In the event a bank’s assets as reported on the June 30, 2020, Call Report were lower than on the December 31, 2019, Call Report, the OCC calculated the assessment due on September 30, 2020, for the institution using the June 30, 2020, Call Report. |
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Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 8 | |
Legal Authority: 12 U.S.C. 16 12 U.S.C. 93a 12 U.S.C. 481 12 U.S.C. 482 12 U.S.C. 1467 12 U.S.C. 1831c 12 U.S.C. 1867 12 U.S.C. 3102 12 U.S.C. 3108 12 U.S.C. 5412(b)(2)(B) 15 U.S.C. 78c 15 U.S.C. 78l |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Information URL: https://www.regulations.gov/docket?D=OCC-2020-0024 | Public Comment URL: https://www.regulations.gov/docket?D=OCC-2020-0024 |
RIN Data Printed in the FR: No | |
Agency Contact: Mitchell Plave Special Counsel Department of the Treasury Comptroller of the Currency Chief Counsel's Office, 400 7th Street SW., Washington, DC 20219 Phone:202 649-6285 Email: mitchell.plave@occ.treas.gov |