Assessment of Fees for National Banks and District of Columbia Banks

Summary

The Office of the Comptroller of the Currency (OCC) is updating its fee assessment formula for independent trust banks, which specialize in trust activities and are not affiliated with full-service national banks. The revised rate structure will assess independent trust banks based on their balance sheet assets and a minimum fee, with banks managing over $1 billion in assets paying an additional fee based on a declining marginal rate.