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Fed proposes changes to assessments rule

The Federal Reserve Board has published [84 FR 60944] a notice of proposed rulemaking inviting public comment on a proposal to amend the Board's assessment rule (Regulation TT -- 12 CFR part 246) to address amendments made by the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). The proposed amendments to Regulation TT raise the minimum threshold for being considered an assessed company from $50 billion to $100 billion in total consolidated assets for bank holding companies and savings and loan holding companies and adjust the amount charged to assessed companies with total consolidated assets between $100 billion and $250 billion to reflect changes in supervisory and regulatory responsibilities resulting from EGRRCPA.

Comments must be received on or before January 9, 2020.

UPDATE: the Board published a correction of the due date for comments at 84 FR 63820 on 1/19/2019.

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