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Comments due: Federal Reserve (fee assessments)
January 9, 2020
The Federal Reserve Board proposes to amend its Regulation TT, governing assessment fees for its supervision and regulation of large financial companies (pursuant to Dodd-Frank Wall Street Reform and Consumer Protection Act), to address amendments made by the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA, S. 2155). The proposed amendments raise the minimum threshold for being considered an assessed company from $50 billion to $100 billion in total consolidated assets for bank holding companies (BHCs) and savings and loan holding companies (SLHCs); and they adjust 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. (Federal Register notice)