Florida Administrative Code (Last Updated: April 18, 2024) |
69. Department of Financial Services |
69U. FSC - Financial Institution Regulation |
69U-140. International Banks |
1(1) Each state licensed international banking agency shall pay to OFR a semiannual assessment fee for the six-month period beginning thirty days before each payment date. Each assessment shall be postmarked on or before January 31 and July 31 of each year. The amount of the semiannual assessment to be paid by each agency is computed as follows:
59If the agencies’ total assets are:
65But Not
67This Amount
69Plus
70Of Excess
72Over
73Over
74(Base Assessment)
76(Assessment Rate)
78Over
79Million
80Million
81Million
82$0
83$35
84$0
850.000065
860
8735
88100
892,275
910.000052
9235
93100
94500
955,655
970.000040
98100
99500
1001,000
10221,495
1040.000028
105500
1061,000
1082,500
11035,335
1120.000016
1131,000
1152,500
1175,000
11959,655
1210.000004
1222,500
1245,000
1267,500
12869,655
1300.000002
1315,000
1337,500
13510,000
13774,655
1390.0000008
1407,500
14210,000
144. . . .
14876,655
1500.0000004
15110,000
153(2) Each semiannual assessment is based on the total assets (including amounts due the agency from other offices or branches of the international banking corporation of which the agency is a part of or from entities related to that international banking corporation) as shown in the agency’s “Report of Assets and Liabilities of U.S. Agencies of Foreign Banks” most recently preceding the payment date. Each agency subject to the jurisdiction of OFR on January 1 or June 30 of each year is subject to the full assessment for the next six-month period without proration for any reason.
250(3) Regardless of the rates above, the semiannual assessment must equal at least $1,000.
265(4) The agency officer who is responsible for the calculation of the semiannual assessment must sign, date, and indicate his/her title when submitting to OFR.
290(5) OFR shall levy a late payment penalty of $100.00 per day for each day that a semiannual assessment is past due, unless the late payment penalty is excused 319per Section 321655.047, F.S. 323(2013)324. For intentional late filing of a semiannual assessment, OFR shall levy a late payment penalty of $1,000.00 per day for each day that a semiannual assessment is past due.
355Rulemaking Authority 357655.012(2), 358633.12, 359663.13 FS. 361Law Implemented 363663.12 FS. 365History–New 8-21-83, Amended 11-15-85, Formerly 3C-15.13, Amended 10-1-87, 5-17-90, Formerly 3C-15.013, 3C-140.020, Amended 1-2-14.