On 16 May 2014, the Office of the Comptroller of the Currency (“OCC”) issued a proposed rule that would increase the amount of the OCC’s semiannual assessment on national banks and federal savings associations with more than $40 billion in assets. The proposal would not change the assessment amounts for banks and federal savings associations with less than $40 billion in assets. The proposal would raise the marginal assessment rates on assets in excess of $40 billion by 14.5 percent. The total increase in the assessment amount for an individual bank or federal savings association would depend on its total assets, with increases ranging from between 0.32 percent and 14 percent. The increase in assessments would be effective for the assessment due on 30 September 2014.

The full text of the OCC proposed rule is available at: http://www.occ.gov/news- issuances/bulletins/2014/bulletin-2014-21a.pdf