Important Notices

June 30, 2010


TO:  Commercial Banks, Agencies and Branch Offices of Foreign Banks and Trust Companies:

Assessment invoices are being mailed to commercial banks, agencies and branch offices of foreign banks and trust companies on June 30, 2010.

For the purposes of this assessment, the base rate was set at $1.33, an eight cent decrease from last year’s rate of $1.41. Invoices are being mailed to each licensee on June 30, 2010 and become delinquent if not paid by July 20, 2010. The statutory maximum rate is $2.20 per thousand dollars of total assets.  Calculate your assessment at: http://www.dfi.ca.gov/calculator/calculatorcb.asp.

 

PATRICK C. CARROLL
Strategic Support Manager

PCC