Transfers of Exam Fees (3752)

This amendment strikes a
provision that would allow the OCC to siphon funds the FDIC raises through
examination fees on state-chartered banks, to subsidize the cost of examination
of the bigger, nationally-chartered banks.  This is nothing more than an
unearned subsidy for nationally-chartered banks.  This provision does not
enhance safety and soundness or improve the FDIC’s ability to manage the
deposit insurance fund.  It will make the state-charter less
attractive.  It is opposed by our community banks and by our state banking
regulator.  Our community banks shouldn’t be subsidizing the big national
banks.  This will prevent increased fees and charges on households and
businesses that bank with our community banks.