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Rule Title: SEMIANNUAL ASSESSMENT
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Department: ADMINISTRATION
Chapter: BANKING AND FINANCIAL INSTITUTIONS
Subchapter: Banks
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

Printer Friendly Version

2.59.104    SEMIANNUAL ASSESSMENT

(1) The department invoices banks, investment companies, and trust companies for semiannual assessments every June and December. The assessment is based on each institution's total assets provided in its previous March and September call reports.

(2) The fee is calculated based on the total assets of the bank, investment company, or trust company multiplied by .0000375, plus the flat fee listed below.

 

Total Assets

Flat Fee ($)

$0 to $50 million

$0

Over $50 to $100 million

$3,000

Over $100 to $250 million

$5,000

Over $250 million to

$1 billion

 

 $7,500

Over $1 billion

$15,000

 

Example: Bank A reports total assets of $58,873,000 x .0000375 plus $3,000 equals $5,207.74.

(3) The assessment is due 30 days after each invoice date, or July 31 and January 31, whichever is later.

(4) The fee shall not exceed $300,000 for each semiannual assessment.

(5) In the event of a merger between Montana state-chartered banks, investment companies, or trust companies during the second or fourth quarter of the year, the assessment fee for the acquired institution must be paid by the surviving institution.

(6) For the assessment billed in December 2021 and collected in January 2022, calculate the assessment as set forth in (2) and divide by 2. For this period only, the semiannual assessment shall not exceed $150,000.

 

History: 32-1-213, 32-1-218, MCA; IMP, 32-1-213, 32-1-218, MCA; NEW, 1984 MAR p. 440, Eff. 3/16/84; AMD, 1985 MAR p. 776, Eff. 6/28/85; AMD, 1994 MAR p. 1143, Eff. 4/29/94; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2007 MAR p. 1926, Eff. 11/22/07; AMD, 2012 MAR p. 883, Eff. 4/27/12; AMD, 2013 MAR p. 667, Eff. 4/26/13; AMD, 2014 MAR p. 1918, Eff. 8/22/14; AMD, 2015 MAR p. 748, Eff. 6/12/15; AMD, 2016 MAR p. 878, Eff. 5/21/16; AMD, 2016 MAR p. 2326, Eff. 12/10/16; AMD, 2019 MAR p. 2228, Eff. 12/7/19; AMD, 2020 MAR p. 1515, Eff. 8/8/20; AMD, 2020 MAR p. 2133, Eff. 11/21/20; AMD, 2021 MAR p. 328, Eff. 3/27/21; AMD, 2021 MAR p. 1319, Eff. 10/9/21.


 

 
MAR Notices Effective From Effective To History Notes
2-59-617 10/9/2021 Current History: 32-1-213, 32-1-218, MCA; IMP, 32-1-213, 32-1-218, MCA; NEW, 1984 MAR p. 440, Eff. 3/16/84; AMD, 1985 MAR p. 776, Eff. 6/28/85; AMD, 1994 MAR p. 1143, Eff. 4/29/94; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2007 MAR p. 1926, Eff. 11/22/07; AMD, 2012 MAR p. 883, Eff. 4/27/12; AMD, 2013 MAR p. 667, Eff. 4/26/13; AMD, 2014 MAR p. 1918, Eff. 8/22/14; AMD, 2015 MAR p. 748, Eff. 6/12/15; AMD, 2016 MAR p. 878, Eff. 5/21/16; AMD, 2016 MAR p. 2326, Eff. 12/10/16; AMD, 2019 MAR p. 2228, Eff. 12/7/19; AMD, 2020 MAR p. 1515, Eff. 8/8/20; AMD, 2020 MAR p. 2133, Eff. 11/21/20; AMD, 2021 MAR p. 328, Eff. 3/27/21; AMD, 2021 MAR p. 1319, Eff. 10/9/21.
2-59-607 3/27/2021 10/9/2021 History: 32-1-213, 32-1-218, MCA; IMP, 32-1-213, 32-1-218, MCA; NEW, 1984 MAR p. 440, Eff. 3/16/84; AMD, 1985 MAR p. 776, Eff. 6/28/85; AMD, 1994 MAR p. 1143, Eff. 4/29/94; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2007 MAR p. 1926, Eff. 11/22/07; AMD, 2012 MAR p. 883, Eff. 4/27/12; AMD, 2013 MAR p. 667, Eff. 4/26/13; AMD, 2014 MAR p. 1918, Eff. 8/22/14; AMD, 2015 MAR p. 748, Eff. 6/12/15; AMD, 2016 MAR p. 878, Eff. 5/21/16; AMD, 2016 MAR p. 2326, Eff. 12/10/16; AMD, 2019 MAR p. 2228, Eff. 12/7/19; AMD, 2020 MAR p. 1515, Eff. 8/8/20; AMD, 2020 MAR p. 2133, Eff. 11/21/20; AMD, 2021 MAR p. 328, Eff. 3/27/21.
2-59-609 11/21/2020 3/27/2021 History: 32-1-213, 32-1-218, MCA; IMP, 32-1-213, 32-1-218, MCA; NEW, 1984 MAR p. 440, Eff. 3/16/84; AMD, 1985 MAR p. 776, Eff. 6/28/85; AMD, 1994 MAR p. 1143, Eff. 4/29/94; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2007 MAR p. 1926, Eff. 11/22/07; AMD, 2012 MAR p. 883, Eff. 4/27/12; AMD, 2013 MAR p. 667, Eff. 4/26/13; AMD, 2014 MAR p. 1918, Eff. 8/22/14; AMD, 2015 MAR p. 748, Eff. 6/12/15; AMD, 2016 MAR p. 878, Eff. 5/21/16; AMD, 2016 MAR p. 2326, Eff. 12/10/16; AMD, 2019 MAR p. 2228, Eff. 12/7/19; AMD, 2020 MAR p. 1515, Eff. 8/8/20; AMD, 2020 MAR p. 2133, Eff. 11/21/20.
2-59-600 8/8/2020 11/21/2020 History: 32-1-213, 32-1-218, MCA; IMP, 32-1-213, 32-1-218, MCA; NEW, 1984 MAR p. 440, Eff. 3/16/84; AMD, 1985 MAR p. 776, Eff. 6/28/85; AMD, 1994 MAR p. 1143, Eff. 4/29/94; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2007 MAR p. 1926, Eff. 11/22/07; AMD, 2012 MAR p. 883, Eff. 4/27/12; AMD, 2013 MAR p. 667, Eff. 4/26/13; AMD, 2014 MAR p. 1918, Eff. 8/22/14; AMD, 2015 MAR p. 748, Eff. 6/12/15; AMD, 2016 MAR p. 878, Eff. 5/21/16; AMD, 2016 MAR p. 2326, Eff. 12/10/16; AMD, 2019 MAR p. 2228, Eff. 12/7/19; AMD, 2020 MAR p. 1515, Eff. 8/8/20.
2-59-587 12/7/2019 8/8/2020 History: 32-1-213, 32-1-218, MCA; IMP, 32-1-213, 32-1-218, MCA; NEW, 1984 MAR p. 440, Eff. 3/16/84; AMD, 1985 MAR p. 776, Eff. 6/28/85; AMD, 1994 MAR p. 1143, Eff. 4/29/94; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2007 MAR p. 1926, Eff. 11/22/07; AMD, 2012 MAR p. 883, Eff. 4/27/12; AMD, 2013 MAR p. 667, Eff. 4/26/13; AMD, 2014 MAR p. 1918, Eff. 8/22/14; AMD, 2015 MAR p. 748, Eff. 6/12/15; AMD, 2016 MAR p. 878, Eff. 5/21/16; AMD, 2016 MAR p. 2326, Eff. 12/10/16; AMD, 2019 MAR p. 2228, Eff. 12/7/19.
2-59-549 12/10/2016 12/7/2019 History: 32-1-213, 32-1-218, MCA; IMP, 32-1-213, 32-1-218, MCA; NEW, 1984 MAR p. 440, Eff. 3/16/84; AMD, 1985 MAR p. 776, Eff. 6/28/85; AMD, 1994 MAR p. 1143, Eff. 4/29/94; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2007 MAR p. 1926, Eff. 11/22/07; AMD, 2012 MAR p. 883, Eff. 4/27/12; AMD, 2013 MAR p. 667, Eff. 4/26/13; AMD, 2014 MAR p. 1918, Eff. 8/22/14; AMD, 2015 MAR p. 748, Eff. 6/12/15; AMD, 2016 MAR p. 878, Eff. 5/21/16; AMD, 2016 MAR p. 2326, Eff. 12/10/16.
2-59-543 5/21/2016 12/10/2016 History: 32-1-213, 32-1-218, MCA; IMP, 32-1-213, 32-1-218, MCA; NEW, 1984 MAR p. 440, Eff. 3/16/84; AMD, 1985 MAR p. 776, Eff. 6/28/85; AMD, 1994 MAR p. 1143, Eff. 4/29/94; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2007 MAR p. 1926, Eff. 11/22/07; AMD, 2012 MAR p. 883, Eff. 4/27/12; AMD, 2013 MAR p. 667, Eff. 4/26/13; AMD, 2014 MAR p. 1918, Eff. 8/22/14; AMD, 2015 MAR p. 748, Eff. 6/12/15; AMD, 2016 MAR p. 878, Eff. 5/21/16.
2-59-526 6/12/2015 5/21/2016 History: 32-1-213, 32-1-218, MCA; IMP, 32-1-213, 32-1-218, MCA; NEW, 1984 MAR p. 440, Eff. 3/16/84; AMD, 1985 MAR p. 776, Eff. 6/28/85; AMD, 1994 MAR p. 1143, Eff. 4/29/94; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2007 MAR p. 1926, Eff. 11/22/07; AMD, 2012 MAR p. 883, Eff. 4/27/12; AMD, 2013 MAR p. 667, Eff. 4/26/13; AMD, 2014 MAR p. 1918, Eff. 8/22/14; AMD, 2015 MAR p. 748, Eff. 6/12/15.
2-59-508 8/22/2014 6/12/2015 History: 32-1-213, 32-1-218, MCA; IMP, 32-1-213, 32-1-218, MCA; NEW, 1984 MAR p. 440, Eff. 3/16/84; AMD, 1985 MAR p. 776, Eff. 6/28/85; AMD, 1994 MAR p. 1143, Eff. 4/29/94; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2007 MAR p. 1926, Eff. 11/22/07; AMD, 2012 MAR p. 883, Eff. 4/27/12; AMD, 2013 MAR p. 667, Eff. 4/26/13; AMD, 2014 MAR p. 1918, Eff. 8/22/14.
2-59-479 4/26/2013 8/22/2014 History: 32-1-213, 32-1-218, MCA; IMP, 32-1-213, 32-1-218, MCA; NEW, 1984 MAR p. 440, Eff. 3/16/84; AMD, 1985 MAR p. 776, Eff. 6/28/85; AMD, 1994 MAR p. 1143, Eff. 4/29/94; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2007 MAR p. 1926, Eff. 11/22/07; AMD, 2012 MAR p. 883, Eff. 4/27/12; AMD, 2013 MAR p. 667, Eff. 4/26/13.
2-59-470 4/27/2012 4/26/2013 History: 32-1-218, MCA; IMP, 32-1-218, MCA; NEW, 1984 MAR p. 440, Eff. 3/16/84; AMD, 1985 MAR p. 776, Eff. 6/28/85; AMD, 1994 MAR p. 1143, Eff. 4/29/94; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2007 MAR p. 1926, Eff. 11/22/07; AMD, 2012 MAR p. 883, Eff. 4/27/12.
2-59-389 11/22/2007 4/27/2012 History: 32-1-213, MCA; IMP, 32-1-213, MCA; NEW, 1984 MAR p. 440, Eff. 3/16/84; AMD, 1985 MAR p. 776, Eff. 6/28/85; AMD, 1994 MAR p. 1143, Eff. 4/29/94; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2007 p. 1926, Eff. 11/22/07.
4/29/1994 11/22/2007 History: 32-1-213, MCA; IMP, 32-1-213, MCA; NEW, 1984 MAR p. 440, Eff. 3/16/84; AMD, 1985 MAR p. 776, Eff. 6/28/85; AMD, 1994 MAR p. 1143, Eff. 4/29/94; TRANS, from Commerce, 2001 MAR p. 1178.
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