808 KAR 1:140. Bank annual assessment fee.

 

      RELATES TO: KRS 286.3-480

      STATUTORY AUTHORITY: KRS 286.3-480(1)(b)

      NECESSITY, FUNCTION, AND CONFORMITY: KRS 286.3-480(1)(b) provides that each state bank shall pay an annual assessment based on the assets of the bank or branch. This administrative regulation establishes the schedule of fees for a state bank.

 

      Section 1. Determination of Assets Subject to Assessment. (1) A state bank shall pay an annual assessment according to the schedule established in Section 2 of this administrative regulation based on its assets as reported to the office as of the 31st day of December of the previous year.

      (2) The assets subject to the annual assessment shall not include assets held by the bank or branch in a fiduciary capacity.

      (3) The annual assessment shall be paid by April 1, unless the department and bank agree in writing to a later date due to extraordinary circumstances.

 

      Section 2. Assessment Fee Schedule.

ASSESSMENT FEE SCHEDULE

If the amount of total assets is:

Assessment shall be:

Over

But Not

Over

This

Amount

Plus

Of Excess

Over

$0

$2

Million

$0

$0.001

$0

$2

Million

$25

Million

$2,000

0.00012

$2

Million

$25

Million

$50

Million

$4,760

0.000055

$25

Million

$50

Million

$75

Million

$6,135

0.000045

$50

Million

$75

Million

$100

Million

$7,260

0.00004

$75

Million

$100

Million

$125

Million

$8,260

0.000035

$100

Million

$125

Million

$150

Million

$9,135

0.00003

$125

Million

$150

Million

$175

Million

$9,885

0.000025

$150

Million

$175

Million

$200

Million

$10,510

0.00002

$175

Million

$200

Million

$500

Million

$11,010

0.000019

$200

Million

$500

Million

$1,000

Million

$16,710

0.0000185

$500

Million

$1,000

Million

 

$25,960

0.000018

$1,000

Million

      (26 Ky.R. 918; Am. 1160; eff. 12-16-99; TAm eff. 4-21-2007.)