OCC Reduces 2023 Assessments on National Banks and Federal Savings Associations

WASHINGTON—The Office of the Comptroller of the Currency (OCC) is publishing its assessment rates for the 2023 calendar year, reducing the rates in the general assessment fee schedule, and maintaining assessment rates from 2022 for the independent trust and independent credit card fee schedules.

Changes to the general assessment fee schedule include reductions by 40 percent for all banks on their first $200 million in total balance-sheet assets, and a 20 percent reduction for all banks on balance-sheet assets above $200 million and up to $20 billion. There will be no inflation adjustment to assessment rates.

The OCC 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 calendar year 2023 assessment rates will be in effect as of January 1, 2023, and will be reflected in assessments paid on March 31, 2023, and September 30, 2023.

Related Link

• OCC Bulletin 2022-25: Calendar Year 2023 Fees and Assessments Structure