On August 16th, the Federal Reserve Board issued a final rule, as directed by the Dodd-Frank Act, to establish annual assessment fees for its supervision and regulation of large financial companies. The final rule outlines how the FRB determines which companies are charged, estimates the applicable expenses, determines each company’s assessment fee, and bills for and collects the assessment fees. Fees will be collected on a calendar year basis, starting with 2012. The Rule is effective October 25, 2013, and the 2012 fees will be due December 15, 2013. FRB Press Release. Final Rule.
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Federal Reserve issues assessment fee rule
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