STATE OF COLORADO
Department of Regulatory Agencies
D. Rico Munn
Executive Director		
DIVISION OF BANKING
Richard Fulkerson
State Bank Commissioner	Bill Ritter, Jr.
Governor	

March 16, 2007

STATE BANKING BOARD
RULE TC13.5
PERTAINING TO TITLE 11, ARTICLE 102, SECTION 104
COLORADO REVISED STATUTES

STATEMENT OF BASIS AND PURPOSE

It is necessary to amend Banking Board Rule TC13.5 to simplify the fiduciary asset capital component to a ratio of one tenth of one percent (.001) applied to all fiduciary assets, up to a maximum of $5 million and incorporating a grandfather provision that gives any existing non-depository trust company disadvantaged by the proposed rule change until September 30, 2007 to comply with the new minimum capital requirements.

bas&purp/tc135