§ 13-3-702 — Inspection of banks; fees

Wyoming § 13-3-702

• Jurisdiction: Wyoming
• Title 13: Banks, Banking and Finance
• Ch. 3: BANKING OPERATIONS
• Art. 7: REPORTS AND EXAMINATIONS

Text

(a) Every bank is subject to the inspection of the state
banking commissioner. The state banking commissioner or a duly
appointed examiner shall visit and examine each bank as often as
the commissioner deems necessary and at least as frequently as
required by the federal deposit insurance corporation, with or
without previous notice to the officers of or anyone interested
in the bank. The state banking commissioner or a duly appointed
examiner shall make a complete and careful examination of the
condition and resources of the bank, the mode of managing bank
affairs and conducting its business, the action of bank officers
and directors in the investment and disposition of bank funds,
the safety and prudence of bank management, the security
afforded to those by whom bank engagements are held, whether the
requirements of this act are being complied with and such other
matters as the state banking commissioner may prescribe. If the
state banking commissioner examines a bank more than twice in
any calendar year, the bank shall pay to the state banking
commissioner an additional fee established by rule and
regulation of the commissioner.
(b) Repealed by Laws 1994, ch. 14, § 2.
(c) On or before January 31 and July 31 each bank shall
compute and pay supervisory fees to the state banking
commissioner based on the total asset base of the bank as of the
preceding December 31 and June 30 respectively. The supervisory
fees are to provide for the general administration and operating
costs of the office of the state banking commissioner for the
administration of the laws and regulations governing the banking
industry generally. Such fees shall be established by regulation
of the state banking commissioner and shall be adjusted by
regulations issued by the state banking commissioner to assure
consistency with the cost of supervision and the fees paid by
national banks. Other fees assessed for administrative services
caused by applications or activities attributable to a specific
financial institution or entity, shall be used to defray the
cost of the special services and, to the extent possible, shall
be recovered from the financial institution or entity which
requires the special service.