Big Banks Face $440M Tab For Fed Oversight

Law360, New York (April 15, 2013, 1:51 PM EDT) -- The Federal Reserve on Monday issued a Dodd-Frank Act-mandated annual assessment on the largest banks and other financial companies operating in the U.S. that would see 70 companies pay a combined $440 million to cover the costs of Fed supervision in 2012.

The 2010 financial reform law required the Fed to establish an annual assessment charged to all bank holding companies with total combined assets of $50 billion or more or any nonbank financial firm designated as systemically significant and put under supervision by the central...
To view the full article, register now.