Pennsylvania Code
Title 10 - BANKING AND SECURITIES
Part I - General Provisions
Chapter 5 - ASSESSMENTS
Section 5.3 - Semiannual assessment for trust companies
Universal Citation: 10 PA Code ยง 5.3
Current through Register Vol. 54, No. 12, March 23, 2024
(a) Trust companies shall pay a semiannual assessment to the Department.
(b) The semiannual assessment on trust companies will be calculated on consolidated total assets plus fiduciary assets 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 | |
plus
| If the amount of the fiduciary assets is: | The semiannual assessment will be: | ||||
| Over: | But not over: | Base amount: | The excess over: | Times (x): | |
| 0 | $500,000,000 | $6,746 | + | $0 | 0 |
| $500,000,000 | $1,000,000,000 | $13,492 | + | $500,000,000 | 0 |
| $1,000,000,000 | $10,000,000,000 | $13,492 | + | $1,000,000,000 | 0.000002689 |
| $10,000,000,000 | $100,000,000,000 | $37,689 | + | $10,000,000,000 | 0.000000449 |
| $100,000,000,000 | $78,081 | + | $100,000,000,000 | 0.0000001425 | |
(c) Trust companies will be billed in December and June based upon the consolidated total assets and fiduciary 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).
Disclaimer: These regulations may not be the most recent version. Pennsylvania may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
