Wyo. Code R. 021-0002-3
Banking Division
Chapter 3: Fees
Effective Date: 10/28/2019 to 02/18/2020
Rule Type: Expired Emergency Rules & Regulations
Reference Number: 021.0002.3.10282019
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 (supervised trust company supervisory fee), W.S. 13-7-603 (savings and loan association supervisory fee), W.S. 13-12-111(c) (special purpose depository institutions charter application fee), W.S. 13-12-119(c) and (d) (special purpose depository institution examination and supervisory fees) and W.S. 13-12-126 (special purpose depository institution rules).
(a) Except as otherwise provided by subsections (e) and (f) 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:
(ix) $3,000,000,001 to $5,000,000,000: $213,931.06, plus 0.0000659736 of the excess over $3,000,000,000.
(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 W.S. 34-29-104(n) and 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) Charter Application: $50,000.
(ii) Examination Costs: $100 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 assets under custody and assets under management. If a bank pays the supervisory fee established in W.S. 34-29-104(n) and that fee 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) shall be deducted from the fee payable under subsection (a).
(f) Each bank that provides custody, safekeeping or asset servicing activities for digital assets, but that does not opt-in to the provisions of W.S. 34-29-104, shall pay a supervision fee of equal to one tenth and eighty-five hundredths of one mill on the dollar ($0.000185) of assets under custody as of December 31 of each year, with payment of the supervision fee made on or before the following January 31. The fee under this subsection shall also be payable on all digital assets under management in the same manner. If a bank pays the fee under this section and that fee 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 shall be deducted from the fee payable under subsection (a).
(g) Other fees established by subsection (c) of this section shall apply to special purpose depository institutions.
(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 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.
(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 trust company to chartered family trust company: $10,000.
(iv) Fee for failure to submit required reports: $25/day overdue.