OCC assessment rates for new year will remain at 2023 levels; no inflation adjustments

Assessment rates for national banks and federal savings associations for the new year will remain at 2023 levels, the regulator of the banks said Friday.

The Office of the Comptroller of the Currency (OCC) said it would maintain the 2023 rates in the general assessment, independent trust, and independent credit card fee schedules. The OCC is is not adjusting assessment rates for inflation, the agency said.

The extended rates take effect Jan. 1; they will be reflected in assessments paid on March 31 and Sept. 30, OCC said.

“The OCC continues to pursue efficiencies to ensure that the 2024 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 agency said in a release.

OCC Publishes 2024 Assessments for National Banks and Federal Savings Associations