Right Column
Calculate Your Assessment - Commercial Banks
Commercial Banks, Foreign Banks and Trust Companies
For the purposes of this assessment, the base rate was set at $1.41, an eight cent increase from last year's rate of $1.33. The statutory maximum rate is $2.20 per thousand dollars of total assets. Invoices were mailed to each licensee on June 30, 2011. The assessment must be paid in full by July 20, 2011, unless your institution elects to pay by electronic funds transfer (EFT). Payments by EFT are due no later than July 26, 2011.
How to Calculate Your Assessment - Commercial Banks: PDF | Word
Column A |
Column B |
Column C |
Column D |
Column E |
Column F |
| Tier | If assets are greater than: | But less than: | Pay the maximum amount from the previous tier: | Plus this percent of the base rate for those assets greater than the amount in Column B | Which is obtained by multiplying those assets greater than the amount in Column B by this amount |
| 1 | 0 | 2,000,000 | 0 | 100.00% | 0.0014100000 |
| 2 | 2,000,000 | 20,000,000 | 2,820 | 50.00% | 0.0007050000 |
| 3 | 20,000,000 | 100,000,000 | 15,510 | 12.00% | 0.0001692000 |
| 4 | 100,000,000 | 200,000,000 | 29,046 | 6.25% | 0.0000881250 |
| 5 | 200,000,000 | 1,000,000,000 | 37,859 | 6.00% | 0.0000846000 |
| 6 | 1,000,000,000 | 2,000,000,000 | 99,551 | 4.00% | 0.0000564000 |
| 7 | 2,000,000,000 | 6,000,000,000 | 161,939 | 3.50% | 0.0000493500 |
| 8 | 6,000,000,000 | 20,000,000,000 | 359,339 | 3.00% | 0.0000423000 |
| 9 | 20,000,000,000 | 40,000,000,000 | 951,539 | 2.5% | 0.0000352500 |
| 10 | 40,000,000,000 | + | 1,656,539 | 1.5% | 0.0000211500 |