Alert April 29, 2014

OCC Proposes to Increase Assessments for Large National Banks and Federal Savings Associations; Leaves Assessments for All Other Institutions Unchanged

The OCC proposed to increase assessments for national banks and federal savings associations with assets of more than $40 billion.  The proposal would not increase assessments for national banks and federal savings associations with $40 billion or less in assets.  The proposed increase for such large institutions would range between 0.32 percent and 14 percent, depending on the institution’s total assets, with an average projected increase of 12 percent.  The OCC said that there are currently 25 institutions with assets of more than $40 billion which would be affected by this proposal.

Comments on the proposed assessment increase must be received by June 12, 2014.