La. Admin. Code tit. 10 § III-1103

Current through Register Vol. 50, No. 12, December 20, 2024
Section III-1103 - Fees and Assessments
A. Pursuant to the authority granted under R.S. 6:551.7 and 6:551.24, the following fee and assessment structure is hereby established to cover necessary costs associated with the administration of the International Banking Statutes, R.S. 6:551.1 et seq.

Description

Fee

Application for a foreign bank, bank holding company, or financial holding company, to establish and operate a subsidiary bank in Louisiana .

$10,000

Application for a foreign bank to establish and operate a branch, an international banking facility, a representative office, or an agency in Louisiana .

$2,000

Application for a U.S. bank or foreign bank to organize or acquire a subsidiary to engage in international banking activities specifically authorized in the Edge Act or to operate as an agreement corporation.

$2,000

Application for a foreign bank to establish and operate an administrative office in Louisiana .

$1,000

Examination fee for each foreign bank, branch, agency, representative office, international banking facility, administrative office, or Edge Act subsidiary operating in Louisiana . Fee per examiner.

$50 per hour

Examination fee for each branch, agency, representative office, international banking facility, administrative office, or Edge Act subsidiary of an out-of-state foreign bank. This fee shall be billed to the primary state regulator of the out-of-state foreign bank being examined, and due upon receipt of the OFI invoice.

The greater of $50 per hour per examiner or the actual expenses incurred by this office to conduct or assist in conducting such examinations.

La. Admin. Code tit. 10, § III-1103

Promulgated by the Office of the Governor, Office of Financial Institutions, LR 33:1628 (August 2007).
AUTHORITY NOTE: Promulgated in accordance with R.S. 6:551.7 and 6:551.24.