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Friday, August 16, 2013

Fed Releases Final Rule: Large Bank Assessment Fee

The Federal Reserve Board has issued a final rule establishing annual assessment fees for its supervision and regulation of large financial companies as mandated by the Dodd-Frank Act.

The Dodd-Frank Act requires the Board to collect assessment fees equal to the expenses it estimates are necessary or appropriate to supervise and regulate bank holding companies and savings and loan holding companies with $50 billion or more in total consolidated assets and nonbank financial companies designated by the FSOC for supervision by the Federal Reserve.

The Board estimates it will collect about $440 million from 70 companies for the 2012 assessment period.

Read more.
Read the rule.

6 comments:

kevin said...
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In Game Training said...
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