BEFORE THE DEPARTMENT OF ADMINISTRATION

OF THE STATE OF MONTANA

 

In the matter of the amendment of ARM 2.59.104 pertaining to semiannual assessment for banks

) ) )

NOTICE OF AMENDMENT

TO: All Concerned Persons

 

1. On June 26, 2014, the Department of Administration published MAR Notice No. 2-59-508 pertaining to the proposed amendment of the above-stated rule at page 1309 of the 2014 Montana Administrative Register, Issue Number 12.

 

2. The department has amended the above-stated rule as proposed.

 

3. The department has thoroughly considered the comment received. A summary of the comment received and the department's response is as follows:

 

COMMENT 1: The Montana Independent Bankers Association (MIB) is a trade association of Montana's independent bankers. The MIB commented that it has strongly supported the same amendments to this administrative rule made in 2012 and 2013 which also multiplied the bank assessments by a factor of .50 as opposed to 1.50. It has urged the department to keep the amendment in place as long as it was economically feasible to do so. The MIB recognizes the division's conclusion that it is economically feasible to continue the reduced assessment. It commented that it supports the current proposed amendment to reduce the bank assessments until January 26, 2015.

 

RESPONSE 1: The department thanks the MIB for its support of this amendment.

 

 

 

By:   /s/ Sheila Hogan                                        By:   /s/ Marjorie L. Thomas              

         Sheila Hogan, Director                                      Marjorie L. Thomas, Rule Reviewer

         Department of Administration                            Department of Administration

 

Certified to the Secretary of State August 11, 2014.