S.D. Admin. R. 20:07:06:01

Current through Register Vol. 50, page 162, June 24, 2024

Section 20:07:06:01 - Examination fee schedule

State-chartered banks shall pay a semiannual fee for examinations on total assets reported on the report of condition for June and December at the following rates:

(1) Five and one-half cents per $1,000 of assets up to and including $100,000,000; plus

(2) Five and one-quarter cents per $1,000 of assets over $100,000,000 up to and including $300,000,000; plus

(3) Five cents per $1,000 of assets over $300,000,000 up to and including $500,000,000; plus

(4) Four and three-quarters cents per $1,000 of all assets over $500,000,000 up to and including $1,000,000,000; plus

(5) One cent per $1,000 of assets over $1,000,000,000.

Non-depository banks shall be assessed an additional semiannual fee of $500.

The division shall maintain on its website a fee calculator to be used for the purpose of calculating the semi-annual examination fee owed by each bank. The formulas used to operate the fee calculator shall be available upon request.

S.D. Admin. R. 20:07:06:01

SL 1975, ch 16, § 1; 4 SDR 33, effective 12/19/1977; 12 SDR 151, 12 SDR 155, effective 7/1/1986; 14 SDR 46, effective 9/28/1987; 19 SDR 85, effective 12/14/1992; 21 SDR 111, effective 12/22/1994; 22 SDR 133, effective 4/24/1996; 23 SDR 151, effective 4/1/1997; 24 SDR 119, effective 3/29/1998; 26 SDR 6, effective 7/26/1999; 29 SDR 182, effective 7/6/2003; 31 SDR 165, effective 5/11/2005; 33 SDR 212, effective 6/6/2007; 35 SDR 285, effective 6/9/2009.

General Authority: SDCL 51A-2-13, 51A-2-36.

Law Implemented: SDCL 51A-2-36.