Section 1533 Of Article 1. General Provisions From California Financial Code >> Division 1.1. >> Chapter 15. >> Article 1.
1533
. (a) The commissioner shall annually levy on and collect from
industrial banks authorized to transact industrial banking business
in this state, pro rata on the basis of total assets, an assessment
in a total amount that is sufficient in the commissioner's judgment
to (1) meet the expenses of the department in administering laws
relating to industrial banks or to the industrial banking business
that are not otherwise provided for and (2) provide a reasonable
reserve for contingencies.
(b) The amount of the annual assessment on any industrial bank
authorized to transact the industrial banking business shall be the
greater (1) five thousand dollars ($5,000) or (2) the sum of the
products determined by multiplying (A) increments of the bank's or
trust company's total assets by (B) percentages of the base
assessment rate according to the following table: