The OCC is reducing assessments due to the OCC on Sept. 30, 2020, because of the COVID-19 emergency.
OCC reduces assessments due to COVID-19
August 11, 2020 / By ICBA
The OCC is reducing assessments due to the OCC on Sept. 30, 2020, because of the COVID-19 emergency.
The OCC is reducing assessments due to the OCC on Sept. 30, 2020, because of the COVID-19 emergency. Under the rule, assessments will be based on Dec. 31, 2019 call reports, which will result in lower assessments for most OCC-supervised banks.
If a bank’s assets as reported on the June 30, 2020 call report are lower, the OCC will base its assessment on that data. The interim reduction of assessments goes into effect Sept. 7 and will be reflected in assessments paid on Sept. 30, 2020.
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