§ 8.15 - Annual franchise fees.

Related Notices

Latest version.

(a) Fees. National banks that are registered or on file as municipal and/or government securities dealers shall pay by January 31 an annual franchise fee covering each dealer activity. The Office will set the franchise fees for those activities at an amount designed to allocate supervisory costs to banks engaging in dealer activities.

(b) Notice of Comptroller of the Currency Fees. The OCC publishes the franchise fee schedule in the Notice of Comptroller of the Currency Fees described in § 8.8.

(c) Exception. The requirements of this section do not apply to a national bank subsidiary or affiliate that is registered or on file as either a municipal or government securities dealer.

                    
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