Pennsylvania Code
Title 10 - BANKING AND SECURITIES
Part I - General Provisions
Chapter 5 - ASSESSMENTS
Section 5.2 - Semiannual assessment for banks, bank and trust companies, savings banks and savings associations
Current through Register Vol. 54, No. 12, March 23, 2024
(a) Banks, bank and trust companies, savings banks and savings associations shall pay a semiannual assessment to the Department.
(b) The semiannual assessment on banks, bank and trust companies, savings banks and savings associations will be calculated as follows:
| If the amount of the consolidated total assets is: | The semiannual assessment will be: | ||||
| Over: | But not over: | Base amount: | The excess over: | Times (x): | |
| 0 | $20,000,000 | $6,070 | + | 0 | 0 |
| $20,000,000 | $100,000,000 | $6,070 | + | $20,000,000 | 0.000112059 |
| $100,000,000 | $200,000,000 | $15,035 | + | $100,000,000 | 0.000072836 |
| $200,000,000 | $1,000,000,000 | $22,319 | + | $200,000,000 | 0.000061631 |
| $1,000,000,000 | $2,000,000,000 | $71,623 | + | $1,000,000,000 | 0.000050425 |
| $2,000,000,000 | $6,000,000,000 | $122,048 | + | $2,000,000,000 | 0.000044822 |
| $6,000,000,000 | $20,000,000,000 | $301,338 | + | $6,000,000,000 | 0.000038139 |
| $20,000,000,000 | $835,284 | + | $20,000,000,000 | 0.000019409 | |
(c) Banks, bank and trust companies, savings banks and savings associations will be billed semiannually in December and June based upon the consolidated total assets reported in the immediately preceding FFIEC Call Report.
This section cited in 10 Pa. Code § 5.5 (relating to adjustments to assessments; invoicing); and 10 Pa. Code § 5.6 (relating to implementation schedule).
