federal_register: 01-8204
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
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| document_number | title | type | abstract | publication_date | pub_year | pub_month | html_url | pdf_url | agency_names | agency_ids | excerpts |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 01-8204 | Assessment of Fees; National Banks; District of Columbia Banks | Proposed Rule | The Office of the Comptroller of the Currency (OCC) proposes to amend the formula it uses to assess independent credit card banks. A national bank is considered independent for purposes of this proposal if it engages primarily in credit card operations and is not affiliated with a full-service national bank. Under the revised assessment structure, all credit card banks would continue to be assessed based on balance sheet assets. Independent credit card banks would pay an additional assessment component based on the "receivables attributable" to credit card accounts owned by the bank. This additional assessment is intended to result in payment by these banks of a more appropriate share of the OCC's expenses than under the current book-asset assessment structure. The OCC also proposes to raise the surcharge for all institutions with composite ratings of 3, 4, or 5 under the Uniform Financial Institutions Rating System (UFIRS) (also referred to as the CAMELS rating) and for Federal branches and agencies of foreign banks that receive a composite rating of 3, 4, or 5 under the ROCA rating system. This amendment will enable the OCC to allocate more equitably the expenses we incur in supervising institutions that are experiencing significant problems, which necessitate more extensive utilization of OCC resources. The ratings-based surcharge will apply to both the asset-based assessments and the independent credit card bank assessments. The proposal also applies the ratings-based surcharge to the independent trust bank assessment. | 2001-04-04 | 2001 | 4 | https://www.federalregister.gov/documents/2001/04/04/01-8204/assessment-of-fees-national-banks-district-of-columbia-banks | https://www.govinfo.gov/content/pkg/FR-2001-04-04/pdf/01-8204.pdf | Treasury Department; Comptroller of the Currency | 497,80 | The Office of the Comptroller of the Currency (OCC) proposes to amend the formula it uses to assess independent credit card banks. A national bank is considered independent for purposes of this proposal if it engages primarily in credit card operations... |