Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69U - FSC - Financial Institution Regulation › Chapter 69U-120 - BANKS, TRUST COMPANIES, SAVINGS BANKS AND ASSOCIATIONS › Section 69U-120.730 - Bank and Trust Company Assessments

Current through Reg. 50, No. 138; July 16, 2024
(1)
				Each state bank shall pay to OFR a semiannual fee of $1,000, plus a semiannual
				assessment based on total consolidated assets as shown on the state bank's Call
				Report, as that term is defined in Rule
				69U-120.0451, F.A.C., as of the
				last business day in June and the last business day in December of each year.
				In the event that a state bank amends its Call Report, and such amendment
				results in a change in total consolidated assets, the semiannual assessment
				shall be based on the adjusted total consolidated assets reported in the
				amended Call Report only if such report is filed on or before July 31 or
				January 31 of the current assessment period. No adjustment will be made for
				amended reports filed after this date.
(2) Each state trust company shall pay to OFR
				a semiannual fee of $1,000, plus a semiannual assessment based on total
				corporate assets as reported in the state trust company's Call Report on Form
				OFR-U-130A, which form is incorporated by reference in Rule
				69U-120.0451, F.A.C., as of the
				last business day in June and the last business day in December of each year.
				In the event that a state trust company amends its Call Report, and such
				amendment results in a change in total corporate assets, the semiannual
				assessment shall be based on the adjusted total corporate assets reported in
				the amended Call Report only if such amended report is filed on or before July
				31 or January 31 of the current assessment period. No adjustment will be made
				for amended reports filed after this date.
(3) The semiannual assessment in subsections
				(1) and (2), shall be computed on the following schedule:
Assets
(in thousands)
Base
Plus
of Assets Over
(in thousands)
0
0
0.1200
0
50,000
6,000
0.1050
50,000
100,000
11,250
0.0850
100,000
500,000
45,250
0.0800
500,000
750,000
65,250
0.0550
750,000
1,000,000
79,000
0.0500
1,000,000
1,500,000
104,000
0.0450
1,500,000
2,000,000
126,500
0.0400
2,000,000
(4)
				Payment of the semiannual assessment, if mailed, must be received by the OFR on
				or before January 31 and July 31 of each year. The timeliness of the payment is
				determined by the date the OFR receives the payment, rather than the date of
				the mailing postmark. Payment of the semiannual assessment, if made via wire
				transfer or an automated clearinghouse (ACH), must be transmitted (and reflect
				a transmittal date of) on or before January 31 and July 31 of each
				year.
(5) OFR may levy a late
				payment penalty of up to $100.00 per day or part thereof for each day that a
				semiannual assessment payment is past due, unless it is excused for good cause
				such as isolated clerical and other minor errors or omissions. For intentional
				late payment of a semiannual assessment, OFR shall levy an administrative fine
				of up to $1,000.00 per day for each day that a semiannual assessment is past
				due.
Rulemaking Authority 655.012(2), 658.73(1) FS. Law
					 Implemented 655.047(2), 658.73(1) FS.
New 7-21-81, Amended 6-30-85, Formerly 3C-11.24, 3C-11.024,
					 Amended 12-9-92, 8-9-93, 2-17-97, Formerly 3C-120.730, Amended
					 1-9-17.