Tuesday, January 3, 2012

Assessment of Fees on Large Bank Holding Companies and Nonbank Financial Companies Supervised by the Federal Reserve Board To Cover the Expenses of the Financial Research Fund

The Department of the Treasury is issuing a proposed rule to equal to the total expenses of the Office of Financial Research implement Section 155 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub. L. 111-203 or ``Dodd-Frank Act''), which directs ank holding companies with total consolidated assets of $50 billion o the Department to establish by regulation an assessment schedule for br greater and nonbank financial companies supervised by the Board of (``OFR Governors of the Federal Reserve (``the Board'') to collect assessments '' or ``the Office''). Included in the Office's expenses are expenses of the Financial Stability Oversight Council (``FSOC'' or ration (``FDIC''), as provided under Section 210 of the Dodd-Frank Act``the Council''), as provided under Section118 of the Dodd-Frank Act, and certain expenses of the Federal Deposit Insurance Corpo. The proposed rule outlines the key elements of Treasury's assessmet program, which will collect semiannual assessment fees from these companies beginning on July 20, 2012. DATES: Comment due date: March 5, 2012.
[Federal Register Volume 77, Number 1 (Tuesday, January 3, 2012)] [Proposed Rules]. [Pages 35-44]


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