Louisiana Administrative Code
Title 10 - FINANCIAL INSTITUTIONS, CONSUMER CREDIT, INVESTMENT SECURITIES AND UCC
Part III - Banking
Chapter 11 - Louisiana International Banking
Section III-1103 - Fees and Assessments
Current through Register Vol. 50, No. 9, September 20, 2024
A. Pursuant to the authority granted under R.S. 6:551.7 and 6:551.24, the following fee and assessment structure is hereby established to cover necessary costs associated with the administration of the International Banking Statutes, R.S. 6:551.1 et seq.
|
Description |
Fee |
|
Application for a foreign bank, bank holding company, or financial holding company, to establish and operate a subsidiary bank in Louisiana . |
$10,000 |
|
Application for a foreign bank to establish and operate a branch, an international banking facility, a representative office, or an agency in Louisiana . |
$2,000 |
|
Application for a U.S. bank or foreign bank to organize or acquire a subsidiary to engage in international banking activities specifically authorized in the Edge Act or to operate as an agreement corporation. |
$2,000 |
|
Application for a foreign bank to establish and operate an administrative office in Louisiana . |
$1,000 |
|
Examination fee for each foreign bank, branch, agency, representative office, international banking facility, administrative office, or Edge Act subsidiary operating in Louisiana . Fee per examiner. |
$50 per hour |
|
Examination fee for each branch, agency, representative office, international banking facility, administrative office, or Edge Act subsidiary of an out-of-state foreign bank. This fee shall be billed to the primary state regulator of the out-of-state foreign bank being examined, and due upon receipt of the OFI invoice. |
The greater of $50 per hour per examiner or the actual expenses incurred by this office to conduct or assist in conducting such examinations. |
AUTHORITY NOTE: Promulgated in accordance with R.S. 6:551.7 and 6:551.24.
