To fund the enhanced supervision of banks mandated of it by the Dodd-Frank Act, the Federal Reserve Board of Governors is proposing a new fee for big banks that is intended to raise as much as $440 million.
A proposal published on Thursday in the Federal Register seeks comments on a plan to establish an annual assessment of bank holding companies and savings and loan holding companies with $50 billion or greater in total consolidated assets. The fee would also be required on nonbank financial companies designated by the Financial Stability Oversight Council for supervision by the Federal Reserve.
