WAC 208-544-020
Semiannual asset charge -- Assessment. A
semiannual charge for assets will be used to recoup nondirect
bank examination related expenses (RCW 30.08.095). The
semiannual charge for assets will be computed upon the asset
value reflected in the most recent report of condition. The rate
of such charge shall be as set forth in the following schedules:
(1) Commercial banks, mutual savings banks, and stock
savings banks.
The rate of such charge shall be based on the total asset
value as reflected in the report of condition due for that period
provided, the director may adjust such rates if the director
determines that a disproportionate amount of revenue is being
collected by such rate. In no event shall the amount of revenue
collected from any one bank exceed one hundred thirty-three
thousand four hundred ninety dollars per assessment period.
If the bank's total assets are:
The assessment is:
Over
But not
Over
This
Amount
Plus
Of
Excess
Over
Million
Million
Million
0
500
0
.00001408
0
500
1000
7040
.0000135
500
1000
—–
13,790
.0000133
1000
(2) Alien banks.
The rate of such charge shall be .000035189 of the total
asset value as reflected in the report of condition due for that
period provided, the director may adjust such rate if the
director determines that a disproportionate amount of revenue is
being collected by such rate.
(3) The director's office shall forward by United States
mail a notice to each financial institution showing the manner of
calculating the asset charge due and a worksheet for such
purposes. The notices shall be mailed each
June and December. The asset charge
shall be calculated by the financial institution and forwarded to
the division of banks with the applicable report. A completed
copy of the worksheet shall be included with the assessment. An
additional two hundred dollar penalty shall be assessed if the
amount is not paid by the time such report of condition or notice
of assessment is due.