OCC amends assessments rule

The OCC has published [84 FR 43475] in today's Federal Register a final rule to revise its assessment regulation to provide partial refunds to banks under the jurisdiction of the OCC that exit the OCC's jurisdiction within the first half of each six-month period beginning the day after the date of the second or fourth quarterly Call Report. The final rule will not change the current payment due dates for assessments nor will it change the way assessments are calculated for banks that remain under the OCC's jurisdiction. The final rule will also make technical changes to the assessments rules. The rule will become effective September 20, 2019.