Dodd-Frank Reform Watch
Sponsored by

Fed Releases Final Rule, Will Collect $440M in Supervision Fees


The Federal Reserve Board announced plans to collect $440 million in fees from 70 companies for increased supervision by the agency.

The Fed released a final rule Friday specifying which companies would be charged, estimated expenses, and each company's assessment fee. The Fed will notify each institution in October when the rule becomes effective.

"The 2010 Dodd-Frank Act gives the Fed authority to charge an annual fee it believes is 'appropriate and necessary' to supervise and regulate bank holding companies and savings and loan companies with $50 billion or more of assets, as well as nonbank financial companies designated by the Financial Stability Oversight Council," writes American Banker's Donna Borak.

For the full piece see "Fed Will Collect $440M in Supervision Fees" (may require subscription).



'We Don't Want to Wage this Proxy Contest in the Gutter': Week's Best Quotes

The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.

(Image: Fotolia)

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.


As Dodd-Frank's impact continues to be felt far beyond banks' compliance departments, American Banker is your eyes and ears. In addition to our award-winning coverage, we now also scour a range of resources to aggregate even more of the news you need on this vital topic.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.