South Dakota Administrative Rules
Title 20 - PUBLIC SAFETY
Article 20:07 - BANKING
Chapter 20:07:03 - Internal management of banks
Section 20:07:03:02 - Blanket bond schedule
Banker's blanket bonds required by § 20:07:03:01 shall be furnished according to the following schedule. The numbers preceding the colon represent the range of assets and the numbers after the colon represent the amount of bonds.
|
(1) |
Less than $ 19,999,999 : |
$ 500,000 |
|
(2) |
$ 20,000,000 to $ 24,999,999 : |
$ 525,000 |
|
(3) |
$ 25,000,000 to $ 34,999,999 : |
$ 675,000 |
|
(4) |
$ 35,000,000 to $ 49,999,999 : |
$ 825,000 |
|
(5) |
$ 50,000,000 to $ 74,999,999 : |
$ 1,050,000 |
|
(6) |
$ 75,000,000 to $ 99,999,999 : |
$ 1,275,000 |
|
(7) |
$ 100,000,000 to $ 149,999,999 : |
$ 1,800,000 |
|
(8) |
$ 150,000,000 to $ 249,999,999 : |
$ 2,500,000 |
|
(9) |
$ 250,000,000 to $ 499,999,999 : |
$ 3,750,000 |
|
(10) |
$ 500,000,000 to $ 999,999,999 : |
$ 6,000,000 |
|
(11) |
$ 1,000,000,000 and over: |
$ 9,000,000 |
General Authority: SDCL 51A-2-13.
Law Implemented: SDCL 51A-3-39.
