Supervision and Regulation Assessments of Fees for Bank Holding Companies and Savings and Loan Holding Companies With Total Consolidated Assets of $100 Billion or More

Title:
Supervision and Regulation Assessments of Fees for Bank Holding Companies and Savings and Loan Holding Companies With Total Consolidated Assets of $100 Billion or More
Subject: Fee assessments
Agency: Federal Reserve
Status: Final rule
Summary:
The Board of Governors of the Federal Reserve System (Board) is adopting a final rule (final rule) to amend the Board’s assessment rule, Regulation TT, pursuant to Section 318 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act), to address amendments made by section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). The final rule raises the minimum threshold for being considered an assessed company from $50 billion to $100 billion in total consolidated assets for bank holding companies and savings and loan holding companies and adjusts the amount charged to assessed companies with total consolidated assets between $100 billion and $250 billion to reflect changes in supervisory and regulatory responsibilities resulting from EGRRCPA.
FR Doc: 2020-25623
Date proposed: Nov. 8, 2019
Comments due date:

Jan. 9, 2020

Final rule effective date: Jan. 7, 2020
Rule compliance date:
Agency release:

Related Reg Report item(s):

Proposal to increase thresholds for fee assessments to be issued, as mandated by reg relief law

Be the first to comment

Leave a Reply

Your email address will not be published.