08 Dec FRB – Rule – Supervision and Regulation Assessments of Fees for Bank Holding Companies and Savings and Loan Holding Companies With Total Consolidated Assets of 100 Billion Dollars or More
December 8, 2020 – The FRB is adopting a final rule to amend the FRB’s assessment rule, Regulation TT, pursuant to Section 318 of 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.
The final rule is effective on January 7, 2021.
For more information, visit www.federalregister.gov.