| (a) Bank assessment calculation table. The annual assessment
for a state bank is calculated as described in this section and paid
as provided by §3.36 of this title (relating to Annual Assessments
and Specialty Examination Fees), based on the values in the following
table, as such values may be periodically adjusted in the manner provided
by subsection (b) of this section. Certain terms used in this section
and in the following table are defined in §3.36(b).
Attached Graphic
(b) Required adjustments for inflation. In this section,
"GDPIPD" means the Gross Domestic Product Implicit Price Deflator,
published quarterly by the Bureau of Economic Analysis, United States
Department of Commerce. The "annual GDPIPD factor" is equal to the
percentage change in the GDPIPD index values published for the first
quarter of the current year compared to the first quarter of the previous
year (the March-to-March period immediately preceding the calculation
date), rounded to a hundredth of a percent (two decimal places).
(1) Each September 1, the table in subsection (a) of
this section, as most recently revised before such date pursuant to
this subsection, is revised as follows:
(A) each marginal assessment factor listed in Step
3 of the table is increased (or decreased) by an amount proportionate
to the measure of inflation (or deflation) reflected in the annual
GDPIPD factor, rounded to six decimal places;
(B) the base assessment amount listed in Step 4 for
assessable asset group 1 is increased (or decreased) by an amount
proportionate to the measure of inflation (or deflation) reflected
in the annual GDPIPD factor, rounded to whole dollars; and
(C) each base assessment amount listed in Step 4 for
assessable asset groups 2 through 14 is adjusted to an amount equal
to the maximum annual assessment possible for the next lower assessable
asset group (without surcharge), rounded to whole dollars. For example,
the base assessment amount for assessable asset group 2 is equal to
the annual assessment (without surcharge) calculated under assessable
asset group 1 for a bank with exactly $10 million in assessable assets.
(2) Not later than August 1 of each year, the department
shall calculate and prepare a revised table reflecting the inflation-adjusted
values to be applied effective the following September 1, and shall
provide each state bank with notice of and access to the revised table.
At least once every four years, the department shall propose amendments
to this section for the purpose of substituting a current revised
table in subsection (a) of this section, and for such other purposes
as may be appropriate.
|
| Source Note: The provisions of this §3.37 adopted to be effective January 5, 1996, 20 TexReg 10994; amended to be effective September 9, 1999, 24 TexReg 6969; amended to be effective July 11, 2002, 27 TexReg 5961; amended to be effective September 4, 2003, 28 TexReg 7347; amended to be effective July 5, 2007, 32 TexReg 3977; amended to be effective January 3, 2008, 32 TexReg 9939; amended to be effective November 5, 2015, 40 TexReg 7620; amended to be effective January 5, 2017, 41 TexReg 10561; amended to be effective December 31, 2020, 45 TexReg 9413; amended to be effective September 8, 2022, 47 TexReg 5328 |
