Wyo. Code R. 021-0002-1
Banking Division
Chapter 1: Chartered State Banks
Effective Date: 08/05/1999 to 10/02/2001
Rule Type: Superceded Rules & Regulations
Reference Number: 021.0002.1.08051999
The State Banking Commissioner, pursuant to the authority delegated by W.S. 13-3-704 (after July 1, 1999, authority derives from W.S. 13-2-101(a)(xiii)), prescribes the rules for carrying out provisions of Title 13 of the Wyoming Statutes.
The Surplus Account of a state chartered bank shall be considered as permanent capital and shall not be decreased except to sustain a loss in excess of its undivided profits or reserve for loan losses or conversion to paid-up capital stock, and then only when authorized by the State Banking Commissioner.
Every bank authorized to carry on the business under the provisions of Title 13 of the Wyoming Statutes, may become the owner and lessor of personal property acquired upon the specific request and for the use of a customer, and may incur such additional obligations as may be incident to becoming an owner and lessor of such property. The aggregate of such leases to any one person, firm, company, or corporation shall not exceed fifteen percent (15%) of the combined amount of (a) the capital stock of such bank actually paid in and unimpaired, plus (b) its unimpaired surplus fund, plus (c) its unimpaired undivided profits. The total amount of all leases made under this Section plus all indebtedness permitted under W.S. 13-3-402 shall not exceed twenty percent (20%) of the combined amount of (a) the capital stock of such bank actually paid in and unimpaired, plus (b) its unimpaired surplus fund, plus (c) its unimpaired undivided profits.
(a) Authority. The regulations contained in Chapter 1, Section 4, Rules and Regulations of the State Banking Commissioner, State of Wyoming, are promulgated in accordance with W.S. 13-3-702 (c), W.S. 13-3-704 (after July 1, 1999, authority derives from W.S. 13-2-101(a)(xiii)), and the Wyoming Administrative Procedure Act, W.S. 16-3-101 through 16-3-115.
(b) Scope. The regulations contained herein shall apply to all State Banks chartered under the laws of the State of Wyoming and the schedule of fees contained herein shall supersede the schedule of fees contained in W.S. 13-3-702 (b) pursuant to the authority vested in the State Banking Commissioner by W.S. 13-3-702 (c).
(c) Fees, Method of Computation, and Terms of Submission Established. The State Banking Commissioner shall collect from every state bank for supervision of said bank an amount regulated by the total resources of such bank, as of reports of condition at the end of June and December of each year. The fees for all banks shall be based upon the total resources as follows: