ACB: Press Releases

Contact:	Robert Schmermund (202) 857-3104 Jim Eberle (202) 857-3145	Jim Eberle (202) 857-3145 (work) (703) 893-2593 (home) [email protected]	For Immediate Release March 29, 2004 #04-18
E-mail: [email protected]

ACB URGES OTS TO RECONSIDER HOLDING COMPANY ASSESSMENTS

Press Release Tools
	E-mail This Press Release
	Printer-Friendly Format

Editors, Reporters:

America’s Community Bankers has urged the Office of Thrift Supervision to reconsider portions of its proposal to revise the way it calculates annual assessments and fees for savings and loan holding companies.

“We are very concerned about the impact of this proposal on several groups of SLHCs,” said ACB in its comment letter. “Large and complex organizations may end up paying assessments that do not have any reasonable connection to the time spent on supervision because of their large amount of consolidated assets.”

ACB expressed concern that the proposed fee schedule, if adopted, “could have the unintended outcome of charter changes.”

ACB urged OTS to revise its proposal so that assessments are more closely aligned with the costs of supervision.

America’s Community Bankers is the national trade association committed to shaping the future of banking by being the innovative industry leader strengthening the competitive position of community banks. To learn more about ACB, visit www.AmericasCommunityBankers.com.

-30-