LAC 10:III.1103
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.
HISTORICAL NOTE: Promulgated by the Office of the Governor, Office of Financial Institutions, LR 33:1628 (August 2007).