For the fiscal year beginning July 1, 2007 and every year thereafter, each state bank regulated by the Department shall pay a regulatory fee to the Department based upon its total assets as reflected in the most recent quarterly report of condition at the following rates: 19.295¢ per $1,000 of the first $5,000,000 of total assets; 18.16¢ per $1,000 of the next $20,000,000 of total assets; 15.89¢ per $1,000 of the next $75,000,000 of total assets; 10.7825¢ per $1,000 of the next $400,000,000 of total assets; 8.5125¢ per $1,000 of the next $500,000,000 of total assets; 6.2425¢ per $1,000 of the next $19,000,000,000 of total assets; 2.27¢ per $1,000 of the next $30,000,000,000 of total assets; 1.135¢ per $1,000 of the next $50,000,000,000 of total assets; and 0.5675¢ per $1,000 of all assets in excess of $100,000,000,000 of the state bank.
205 ILCS 5/48.05
Regulatory fees
Known as the Illinois Banking Act
The act spans §§ 205-5-1 to 205-5-9-5 (121 sections).
P.A. 99-39, eff. 1-1-16.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.