Average risk-adjusted asset size range (in millions) | Assessment rate | |
Over | To | |
$0 | $25 | X1 |
25 | 50 | .85X1 |
50 | 100 | .75X1 |
100 | 500 | .60X1 |
500 | 1,000 | .50X1 |
1,000 | 7,000 | .35X1 |
7,000 | 10,000 | .20X1 |
10,000 | .10X1 |
Example: XYZ association has a FIRS rating of 2 and average risk-adjusted assets of $500.4 million. The value of X1 has been determined to be .000917, based on an FCA budget of $40.29 million.
X1= .000917 therefore $25,000,000 * .0917% | = | $22,925 |
.85X1= .000780 therefore $25,000,000 * .0780% | = | 19,500 |
.75X1= .000688 therefore $50,000,000 * .0688% | = | 34,400 |
.60X1= .000550 therefore $400,000,000 * .0550% | = | 220,000 |
.50X1= .000458 therefore $400,000 * .0458% | = | 183 |
Total Assessment under § 607.3(b)(2) | = | 297,008 |
The Farm Credit Services Leasing Corporation.
12 C.F.R. §607.3