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Monday, December 16, 2013

OCC Releases 2014 Assessment Schedule

The OCC has released its 2014 assessment schedule. Assessments are due March 31 and Sept. 30, based on Call Report information as of Dec. 31 and June 30, respectively, the OCC said.

The OCC noted that its assessment schedule continues to include a surcharge for national banks, federal savings associations and federal branches and agencies of foreign banks that require increased supervisory resources. To accommodate these responsibilities, the agency is eliminating the $20 billion asset cap on inflation indexing for all asset brackets and raising the asset cap from $20 billion to $40 billion for application of the surcharge related to lower-rated institutions.

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