Assessment Calculation

2021-22 Assessment

Commercial Banks, Foreign Banks and Trust Companies

The base rate was set at $1.44 per $1,000 of assets, a $0.05 increase from last year’s rate of $1.39. Invoices were mailed on June 30. Payments will be due by July 30, unless the institution elects to pay via electronic funds transfer. EFT payments will be due no later than August 6. If you have any questions about the calculation of the assessment for your financial institution, please refer to How to Calculate Your Assessment for banks (PDF) .

Industrial Banks

The base rate was set at $1.44 per $1,000 of assets, an increase of $0.05 from last year’s rate of $1.39.  Invoices were mailed on June 30. Payments will be due by July 30, unless the institution elects to pay via electronic funds transfer. EFT payments will be due no later than August 6. If you have any questions about the calculation of the assessment for your financial institution, please refer to How to Calculate Your Assessment for industrial banks (PDF).

Credit Unions

The 2021-22 assessment rate was set at $1.01 per $1,000 of assets, the same as last year’s rate.  Invoices were mailed on June 30.  Payments will be due by July 30, unless the institution elects to pay via electronic funds transfer. EFT payments will be due no later than August 6. If you have any questions about the calculation of the assessment for your credit union, please refer to How to Calculate Your Assessment for credit unions (PDF).

Offices of Foreign (Other State) Credit Unions

Pursuant to California Financial Code section 16006 (d), foreign (other state) credit unions shall pay $250 for each office located in California up to $1,000.  Invoices were mailed on June 30.  Payments will be due by July 30, unless the institution elects to pay via electronic funds transfer. EFT payments will be due no later than August 6.

Money Transmitter

The 2021-22 assessment rate was set at $0.02 per $1,000 received for transmission by a licensee in calendar year 2020, the same as last year’s rate.  The 2021-22 assessment rate for issuers of payment instruments and stored value was set at $0.63 per $1,000 of total payment instruments and stored value sold by a licensee. The rate has not increased since 2012.

For questions about the calculation of an assessment Contact Patrick Carroll at (415) 263-8559 or patrick.carroll@dfpi.ca.gov.  Questions regarding assessment payment processing should be directed to Accounting at AccountingAR@dfpi.ca.gov.

 

Last updated: Jul 6, 2021 @ 6:06 pm