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OCC discounts fees it charges banks for supervision

Joe Mont | December 4, 2018

Banks supervised by the Office of the Comptroller will be spending less for that oversight in the coming months.

The OCC has announced it will reduce assessments on national banks, federal savings associations, and federal branches and agencies of foreign banks for 2019.

The change—which takes effect with the March 31, 2019, assessment—will reduce the marginal rates in its General Assessment Fee Schedule by 10 percent. The agency says the change will reduce total assessments collected by the agency by more than $90 million. “The reduction in marginal rates reflects cost savings in the OCC’s operations and projections of costs and revenue,” it said in a statement.

“We have a responsibility to be good stewards of the resources entrusted to us, and as assets within the federal...

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