Audit, Dept. of

Banking Division

Chapter 3: Fees

Effective Date: 04/14/2016 to 09/08/2017

Rule Type: Superceded Rules & Regulations

Reference Number: 021.0002.3.04142016

Chapter 3 – Fees

Section 1. Authority; Scope. This Chapter is promulgated in part pursuant to W.S. 13-3-702 (bank supervisory fee), W.S. 13-5-110 (trust company supervisory fee), W.S. 13-5-213 (family trust company supervisory fee), and W.S. 13-7-603 (savings and loan association supervisory fee).

Section 2. Bank and Savings and Loan Association Supervisory Fees.

(a) The Commissioner shall collect from every bank for supervision of such bank and every savings and loan association for supervision of such association and 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 savings and loan associations shall be based upon the total resources as follows:

$-0- to $1,500,000	0.0013328 of total assets
$1,500,001 to $15,000,000	$1,999.20 plus 0.0001666 of the excess over $1,500,000
$15,000,001 to $25,000,000	$4,248.33 plus 0.000159936 of the excess over $15,000,000
$25,000,001 to $50,000,000	$5,847.69 plus 0.00013328 of the excess over $25,000,000
$50,000,001 to $75,000,000	$9,179.69 plus 0.000119952 of the excess over $50,000,000
$75,000,001 to $150,000,000	$12,178.49 plus 0.00009996 of the excess over $75,000,000
$150,000,001 and over	$19,675.49 plus 0.0000733040 of the excess over $150,000,000

(b) Not later than the last day of January and July in each year, every bank and savings and loan association shall

1. (i) Compute the semi-annual supervisory fee based upon the report of condition next preceding, on forms established by the Commissioner, and
2. (ii) Submit to the Commissioner such report of condition together with payment of the semi-annual fee as so computed.

Section 3. Trust Company Fees.

(a) The Commissioner shall collect from every chartered trust company for supervision of such 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 of 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 chartered 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 chartered trust company pays by the portion of the fee designated for the Resolution Fund.

(c) A chartered 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 Trust Service Office application.

(d) A Letter of Assurance from the Commissioner may be issued for a family trust company that does not apply for a Wyoming charter. A fee of two hundred fifty dollars ($250) shall accompany the request for such Letter of Assurance.