10 Pa. Code § 5.3

Current through Register Vol. 54, No. 49, December 7, 2024

Section 5.3 - Semiannual assessment for trust companies

(a) Trust companies shall pay a semiannual assessment to the Department.

(b) The semiannual assessment on trust companies will be calculated on consolidated total assets plus fiduciary assets as follows:

If the amount of the consolidated total assets is:		The semiannual assessment will be:
Over:	But not over:	Base amount:	The excess over:	Times (x):
0	$20,000,000	$6,070	+	0	0
$20,000,000	$100,000,000	$6,070	+	$20,000,000	0.000112059
$100,000,000	$200,000,000	$15,035	+	$100,000,000	0.000072836
$200,000,000	$1,000,000,000	$22,319	+	$200,000,000	0.000061631
$1,000,000,000	$2,000,000,000	$71,623	+	$1,000,000,000	0.000050425
$2,000,000,000	$6,000,000,000	$122,048	+	$2,000,000,000	0.000044822
$6,000,000,000	$20,000,000,000	$301,338	+	$6,000,000,000	0.000038139
$20,000,000,000	$835,284	+	$20,000,000,000	0.000019409

plus

If the amount of the fiduciary assets is:		The semiannual assessment will be:
Over:	But not over:	Base amount:	The excess over:	Times (x):
0	$500,000,000	$6,746	+	$0	0
$500,000,000	$1,000,000,000	$13,492	+	$500,000,000	0
$1,000,000,000	$10,000,000,000	$13,492	+	$1,000,000,000	0.000002689
$10,000,000,000	$100,000,000,000	$37,689	+	$10,000,000,000	0.000000449
$100,000,000,000	$78,081	+	$100,000,000,000	0.0000001425

(c) Trust companies will be billed in December and June based upon the consolidated total assets and fiduciary assets reported in the immediately preceding FFIEC Call Report.

10 Pa. Code § 5.3

This section cited in 10 Pa. Code § 5.5 (relating to adjustments to assessments; invoicing); and 10 Pa. Code § 5.6 (relating to implementation schedule).