FED issues final rule modifying the annual assessment fees for its supervision & regulation of large financial companies

The FED on Thursday issued a final rule modifying the annual assessment fees for its supervision & regulation of large financial companies, as required by the Economic Growth, Regulatory Relief, & Consumer Protection Act (EGRRCPA). The final rule is nearly identical to the proposal issued in November 2019.

The final rule raises the threshold at which fees are assessed for bank holding companies & savings & loan holding companies from $50 billion to $100 billion in total consolidated assets. Additionally, it adjusts the amount charged to certain bank holding companies & savings & loan holding companies following changes from the Board related to the EGRRCPA.

The final rule will be effective 30 days after publication in the Federal Register.

Source: Federal Reserves

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