Six hundred twenty-eight banks reported consumer depositaccount fees over zero dollars in the first quarter of 2016, up from 600 banksin the fourth quarter of2015. Income from consumer depositaccount fees at these banks, however, declined to $4.16 billion from $4.43billion on a quarter-over-quarter basis.

In the year-ago quarter, when banks over $1 billion inassets were first required to report consumer deposit account feedata, the total was $3.94 billion.

Consumer deposit account incomecomposed 2.09% of first-quarter operating revenue on a median basis. Most ofthe top 20 banks by total consumer deposit fees derived a relatively lowpercentage of their operating revenue from this income source.

Bank ofAmerica NA had the highest amount of consumer deposit fees for thequarter, at $707.0 million. WellsFargo Bank NA and JPMorgan Chase Bank NA were close behind, charging$694.0 million and $677.0 million, respectively. , however, only charged$55.0 million in total fees, representing 0.42% of its operating revenue.These four banks represented just over 50% of the aggregate total fees in thefirst quarter of 2016. The top 20 banks by deposit fees represented almost 80%of the total industry deposit fees.

Five of the 51 Texas banks reporting non-zero servicecharges on consumer deposits — highlighted by andWoodforest National Bank— were in the top 20 by deposit fees as a percentage of operating revenue. Themedian percentage of deposit fees as a percentage of operating revenue for theTexas banks was 2.32%, only slightly higher than the nationwide median.

Deposit service fees were on the Consumer Financial ProtectionBureau's radar during the first quarter. In February, the CFPB a letter to the 25 largestretail banks, suggesting the banks provide lower-risk deposit accounts. Notingthat the letter was not referring to a specific regulatory requirement, thebureau recommended the creation of products without overdraft fees, whichremain the largest source of consumer deposit fees, reaching $2.68 billion inthe first quarter of 2016.

Also, the agency is expected to propose a payday rule laterthis year, and it issued a report in April focusing on overdraft fees caused by payday lenders'attempts to debit payments from borrowers' checking accounts.