Reductions for assessment fees on banks – and no change in the assessment rates from 2022 for independent trust and independent credit card fee schedules – were announced Thursday by the Office of the Comptroller of the Currency (OCC).
The OCC said the general assessment fee schedule changes for 2023 include 40% reductions for all banks on their first $200 million in total balance-sheet assets and 20% reductions on balance-sheet assets above $200 million and up to $20 billion. It said there will be no inflation adjustment to assessment rates.
The agency said it is, however, increasing the hourly fee for special examinations and investigations to $161 from $155 to ensure adequate cost recovery.
The calendar year 2023 assessment rates will take effect Jan. 1, 2023, the agency said, and will be reflected in assessments paid on March 31 and Sept. 30, 2023.
The OCC said its assessment schedule continues to include a surcharge for banks that require increased supervisory resources. The agency continues to reduce the assessment of non-lead banks by 12%, it said.
In a release, the OCC said it “continues to pursue efficiencies to ensure that the 2023 assessment rates will provide the agency with sufficient resources to recruit, train, and retain the talent and experience necessary to perform its important mission and continue to invest in initiatives that improve the agency’s ability to maintain the safety, soundness, and fairness of the federal banking system.”
The full fee schedule is provided in an OCC Bulletin issued Thursday.