OCC Reduces 2021 Assessments on National Banks and Federal Savings Associations

News Release 2020-163 | December 1, 2020

WASHINGTON—The Office of the Comptroller of the Currency (OCC) is reducing the rates in all Fee Schedules by 3 percent for the 2021 calendar year.

The 2021 reduction is in addition to the 10 percent reduction to all Fee Schedules in 2020 and to the General Assessment Fee Schedule in 2019. The reduction reflects increased operating efficiencies that the agency has achieved over the last several years. The 2021 assessment level provides sufficient resources that enable the agency 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 ensure the safety, soundness, and fairness of the federal banking system.

The reduced assessments go into effect January 1, 2021, and will be reflected in assessments paid on March 31, 2021, and September 30, 2021.

Media Contact

Bryan Hubbard
(202) 649-6870

Related Link

Leave a comment

Your email address will not be published. Required fields are marked *