OCC Releases 2013 Fee Structure

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On November 30, the OCC published Bulletin 2012-40, which informs all national banks, federal savings associations, and federal branches and agencies of foreign banks of fees charged by the OCC for calendar year 2013. The Bulletin explains that the marginal rates of the OCC’s general assessment schedule continue to be indexed based on changes in the Gross Domestic Product Implicit Price Deflator for the previous June-to-June period, and that the 2013 adjustment of 1.7 percent will apply to the first $20 billion in assets of a covered institution. The Bulletin further explains that the assessment schedule continues to include a surcharge for institutions that require increased supervisory resources, and that the OCC will continue to provide a 12 percent reduction on the assessment for nonlead national banks, federal savings associations, or federal branches or agencies of a foreign bank. The new assessments are effective January 1, 2013 and are due March 29, 2013 and September 30, 2013, based on call report information as of December 31, 2012 and June 30, 2013, respectively.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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