Wyo. Code R. 021-0002-3
Banking Division
Chapter 3: Fees
Effective Date: 05/13/2021 to Current
Rule Type: Current Rules & Regulations
Reference Number: 021.0002.3.05132021
This Chapter is promulgated pursuant to Wyoming Statute ('W.S.') 13-1-603(d) (fees generally), W.S. 13-3-702 (bank supervisory fee), W.S. 13-5-410 (powers of the Commissioner regarding supervised trust companies), W.S. 13-7-603 (savings and loan association supervisory fee), W.S. 13-12-111(c) (special purpose depository institution charter application fee), W.S. 13-12-119(c) and (d) (special purpose depository institution examination and supervisory fees), W.S. 13-12-126 (special purpose depository institution rules) and W.S. 34-29-104(n) (digital asset custody).
(a) Except as otherwise provided by subsection (e) of this section, the Commissioner shall collect from every bank for supervision of such bank and every savings and loan association for supervision of such association an amount determined by the total resources of such bank and savings and loan association, as of reports of condition at the end of June and December of each year. The fees for all banks and saving and loan associations shall be based upon the total resources as follows:
(x) $5,000,000,001 and over: $324,106.97, plus 0.000055022 of the excess over $5,000,000,000.
(b) Except as otherwise provided by this section, not later than the last day of January and July in each year, every bank and savings and loan association shall:
(i) Compute the semi-annual supervisory fee based upon the report of condition next preceding, on forms established by the Commissioner, and
(ii) Submit to the Commissioner such report of condition together with payment of the semi-annual fee as so computed.
(c) Miscellaneous bank fees:
(i) Bank charter application: $15,000.
(ii) Emergency bank charter application: $4,000.
(iii) Interim charter for which a public hearing is waived: $4,000.
(iv) Branch application: $1,000.
(v) Out-of-state acquisition of a Wyoming bank: $7,500.
(vi) Operating subsidiary application: $700.
(vii) Additional examination fee when examined more than twice per year: $50.00/examiner/day.
(viii) Change in place of business: $2,500.
(ix) Merger or conversion into state bank application: $2,500.
(x) Each additional bank established by merger or consolidation application: $1,250.
(xi) Acquisition of bank by bank holding companies: $4,500.
(d) The following fees are applicable to special purpose depository institutions:
(i) Bank charter application: $50,000.
(ii) Examination costs: $35 per examiner hour, plus per diem or actual travel expenses, as determined by the Commissioner.
(iii) Application for certificate of dissolution: $1,000.
(iv) Overdue report: $250 per business day in which the report is late.
(e) The supervisory fee established in subsection (a) of this section shall exclude off-balance sheet digital assets. If a bank pays the supervisory fee established by W.S. 34-29-104(n) or subsection (g) of this section and that fee, on its own, is:
(i) Greater than the fee established by subsection (a) of this section, the fee established by subsection (a) is waived.
(ii) Less than the fee established by subsection (a) of this section, the supervisory fee paid under W.S. 34-29-104(n) or subsection (g) of this section shall be added to the fee payable under subsection (a).
(f) To ensure consistency with existing bank fee payment schedules, the two tenths of one mill on the dollar ($.0002) supervision fee established by W.S. 34-29-104(n) shall be paid as follows:
(i) One-tenth of one mill on the dollar ($.0001) of off-balance sheet digital assets as of December 31 of each year, payable by the following January 31; and
(ii) One-tenth of one mill on the dollar ($.0001) of off-balance sheet digital assets as of June 30 of each year, payable by the following July 31.
(g) Each bank that administers off-balance sheet digital assets, but which does not pay the fee established by W.S. 34-29-104(n), shall pay a supervision fee of one-tenth and eighty-six hundredths of one mill on the dollar ($0.000186) of off-balance sheet digital assets. To ensure consistency with existing bank fee payment schedules, this supervision fee shall be paid as follows:
(i) Ninety-three hundredths of one mill on the dollar ($.000093) of off-balance sheet digital assets as of December 31 of each year, payable by the following January 31; and
(ii) Ninety-three hundredths of one mill on the dollar ($.000093) of off-balance sheet digital assets as of June 30 of each year, payable by the following July 31.
(h) Other fees established by subsection (c) of this section shall apply to special purpose depository institutions.
(a) The Commissioner shall collect from every supervised trust company an amount determined by the total assets of the company as of December 31 of each year as follows:
(i) For a company with total assets less than three million dollars ($3,000,000), a supervisory fee of $7,500 shall be paid no later than January 31 each year.
(ii) For a company with total assets greater than three million dollars ($3,000,000), a supervisory fee of $12,500 shall be paid no later than January 31 of each year.
(b) The Trust Company Resolution Fund shall be funded with twenty-five percent (25%) of the annual supervisory fee paid by each supervised trust company.
(i) The amount shall be paid in each year until the Resolution Fund reaches a balance of one million dollars ($1,000,000).
(ii) Once the Resolution Fund reaches a balance of one million dollars ($1,000,000), the Commissioner may lower the supervisory fee, at his discretion, that each supervised trust company pays by the portion of the fee designated for the Resolution Fund.
(c) A supervised family trust company may apply to the Commissioner to establish a trust service office. A fee of one thousand dollars ($1,000) shall accompany the application.
(d) A person may apply to the Commissioner for a letter of assurance relating to the proper establishment of a private family trust company, compliance with applicable Wyoming law and a determination that the company is not required to apply for a public or family trust company charter based on the activities it intends to conduct. The Commissioner shall provide a letter of assurance if the private family trust company has complied with the requirements of W.S. 13-5-701. The application shall be accompanied by a fee of two hundred fifty dollars ($250). A letter of assurance shall be supplemental to the requirements to provide a waiver to the Commissioner under W.S. 13-5-701(d).
(e) Miscellaneous trust company fees:
(i) Public and family trust company charter application: $15,000.
(ii) Voluntary dissolution of trust company: $1,500.
(iii) Conversion from public trust company to chartered family trust company: $10,000.
(iv) Fee for failure to submit required reports: $25/day overdue.
(v) Merger application: $1,500.
(vi) Out-of-state acquisition of a Wyoming trust company: $7,500.
(f) The fee established in subsection (a) of this section shall exclude off-balance sheet digital assets. Each supervised trust company that administers off-balance sheet digital assets shall pay a supervision fee of one-tenth and eighty-six hundredths of one mill on the dollar ($0.000186) of off-balance sheet digital assets as of December 31 of each year, payable by the following January 31. If a supervised trust company pays the supervisory fee established by this subsection and that fee, on its own, is:
(i) Greater than the fee established by subsection (a) of this section, the fee established by subsection (a) is waived.
(ii) Less than the fee established by subsection (a) of this section, the supervisory fee established by this subsection shall be added to the fee payable under subsection (a).