October 13, 2006
TO THE CHIEF EXECUTIVE OFFICER ADDRESSED:
Under the provisions of SECTION 2 of Chapter 139 of the Acts of 2006 (the FY2007 Budget Appropriation Act), I am calling for the Consolidated Total Assets figure of your institution as of the close of business on September 30, 2006 in order to determine the assessment required under that provision. This assessment will be determined by utilizing the risk-based fee matrix which appears below.
On December 31, 2006, the Division will assign all state-chartered banks and credit unions to one of the three asset assessment categories below based upon the financial institution's supervisory rating assigned by its most recent report of examination conducted by either the Division or the appropriate federal regulator. Trust assets will be assessed at the rate of .0075 per $1,000. This assessment replaces the assessment to be made under G.L. c.167, §2.
Assets up to $10 million are charged at the rate of
Assets over $10 million up to $50 million are charged at the rate of
Assets over $50 million up to $250 million are charged at the rate of
Assets over $250 million up to $5 billion are charged at the rate of
Assets over $5 billion up to $30 billion are charged at the rate of
Kindly complete the form on the reverse side and return it to the Division to the attention of the MIS Section no later than November 1, 2006. The form is also available on the Division's web site at http://www.mass.gov/dob under News & Updates. Please retain all work papers used to complete this form so this figure can be verified by examiners.
Very truly yours,
Steven L. Antonakes
Commissioner of Banks