601. DEPOSITORY INSTITUTIONS

601 DEPOSITORY INSTITUTIONS 601.1 The following schedule of fees shall apply to applications from depository institutions and examinations by the Department of Insurance, Securities and Banking: Charter Offering Circular $10,000 $5,000 Articles of Incorporation and By-Laws $3,000 Conversion of charter $7,500 Branch (includes Out-of-State Bank application to operate in the District) $2,500 Branch, agency or representative office of a foreign bank $3,000 Branch (S&L) $2,500 Bank Examination (for specialty exams only) $100/hr/per Merger $5,000 Office Relocation $2,000 Fiduciary or other addt'l powers $2,500 Operating subsidiary $2,000 BHC formation $6,000 BHC acquisition $6,000 Non-branch facilities (electronic) $1,000 Non-branch facilities (brick & mortar) $1,000 Certificate of good standing $200 Reservation of name $1,000 601.2 Except as provided in section 601.4 below, District chartered banks also shall be subject to an annual assessment at a rate of $25,000 per year, plus $50 per million dollars of assets. 601.3 The assessment shall be determined and billed, on a semi-annual basis, upon assets as of June 30th and December 31st of each year. 601.4 A District of Columbia chartered bank shall be exempt from assessment for the first two (2) years of operations, if the bank began operations as a de novo District of Columbia bank. SOURCE: Final Rulemaking published at 55 DCR 1574-1575 (February 15, 2008).