Guam § 106725 - and the license is in the form prescribed by that Section. The

§ 106725. and the license is in the form prescribed by that Section. The

annual fee for such license is One Thousand Dollars ($1,000.00).

Institutions which are members of the Federal Reserve System of the

United States shall be licensed upon meeting the general requirements of

this Title. Any other persons engaged in the business of banking or

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receiving the money of others on deposit, by whatever name said deposit

is designated, may accept agreements for future deposit but shall not

accept the deposit until the accounts of depositors have been insured in

accordance with the rules and regulations of an appropriate agency of the

United States Government; provided, however, that nothing herein

contained shall prohibit persons from engaging in the business of lending

money with or without security when such money is the property of said

persons.

(b) Every Customer-Bank Communication Terminal (CBCT),

automated teller machine (ATM), or cash dispensing machine that is not

contiguous to a main or branch facility established and operated by a

bank, credit union or a non-bank entity is subject to an annual licensing

fee of Five Hundred Dollars ($500.00).

(c) The Commissioner of Banking and Insurance is hereby

authorized to assess each bank licensed in Guam a fee of $0.022 for

every One Thousand Dollars ($1,000) of its total assets. The total assets

of the bank shall be determined from the audited financial statement or

from the call report or financial statement for the period ending

December 31st of each year it is filed with the Commissioner of Banking

and Insurance. The assessment for each national, or state, or foreign

bank that operates a branch bank on Guam shall be computed on the total

assets of the branch bank in Guam. The assessment for each locally

chartered bank shall be computed on the total assets of all its branches on

Guam."