FRB Adopts Final Rule Regarding Large Financial Companies' Annual Assessment Fees (Fed. Reg.)

The Board of Governors of the Federal Reserve System ("FRB") published a final rule in the Federal Register implementing Section 318 ("Funding") of the Dodd-Frank Act. The new rule directs the FRB to collect assessments, fees, or other charges equal to the total expenses the Board estimates are necessary or appropriate to carry out its supervisory and regulatory responsibilities.

See: 78 FR 52391.See also: FRB Issues Final Rule Establishing Large Financial Companies' Annual Assessment Fees (August 16, 2013); Three Federal Bank Agencies Seek Comment on Dodd-Frank Act Stress Test Guidance for Medium-Sized Firms (July 30, 2013).