The Office of the Comptroller of the Currency (OCC) recently announced a decrease in the assessment rates for national banks and federal savings associations for the Sept. 30 semiannual assessment.
The decrease is the fifth since 2017 and will apply to all OCC-regulated institutions.
“The OCC is operating more efficiently through a diligent effort to modernize its approach to bank supervision, leverage technology, and refocus our supervisory priorities on material financial risks,” Jonathan V. Gould, Comptroller of the Currency, said. “The OCC is passing cost savings on to our regulated institutions so they may better support a thriving U.S. economy. We will continue to advance a strong and effective regulatory framework that promotes economic growth and minimizes burden to banks.”
The 30 percent rate reduction will apply to the general assessment fee schedule for assets up to $40 billion and 22 percent for assets for $40 billion, and reduce rates in the independent trust and independent credit card assessment fee schedules by 22 percent. The OCC is also decreasing the hourly fee for special examinations and investigations for $137 from $176. The decrease will still allow the OCC to recover the cost of conducting special examinations and investigations.
The 2025 assessment rates will continue to provide the OCC with sufficient resources to ensure a well-trained staff and to update the agency’s technology systems. The revised calendar year 2025 assessment rates will be in effect on Sept. 30, 2025, and will be reflected in the semiannual assessments paid on that day.