The Office of the Comptroller of the Currency announced it will increase assessment rates for large banks and other institutions in 2025.
Assessments fees for institutions with more than $40 billion in assets will increase by 16 percent to reflect the increased cost of supervising those institutions, the OCC said. All other rates in the general fee schedule will increase by 2.65 percent to account for inflation, the office said.
Officials said the assessment schedule continues to include surcharges for banks requiring increase supervisory resources. Those banks can calculate the surcharge by adding 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, and multiplying the total by 50 percent for the 3-rated banks and 100 percent for the 4- and 5-rated banks. For 2025, the OCC is raising the asset cap from $40 billion to $250 billion to reflect the growth in the banking sector since the cap was last updated in 2014.
The OCC said the adjustment will provide it with sufficient resources to maintain talent and to update the agency’s technology systems. The assessment rates will take effect on Jan. 1, 2025 and will be reflected in assessments paid on March 31, 2025 and Sept. 20, 2025.