RIN Data
TREAS/DO | RIN: 1505-AC42 | Publication ID: 2012 |
Title: ●Assessment of Fees for Large Bank Holding Companies and Nonbank Financial Companies Supervised by the Federal Reserve To Cover the Expenses of the Financial Research Fund | |
Abstract: The Department of the Treasury is issuing a rule to implement section 155 of the Dodd-Frank Wall Street Reform and Consumer Protection Act which directs the Department to establish by regulation an assessment schedule for bank holding companies with total consolidated assets of $50 billion or greater and nonbank financial companies supervised by the Board of Governors of the Federal Reserve (the Board) to collect assessments equal to the total expenses of the Office of Financial Research (OFR or the Office). Included in the Office's expenses are expenses of the Financial Stability Oversight Council (FSOC or the Council), as provided under section 118 of the Dodd-Frank Act, and certain obligations expenses of the Federal Deposit Insurance Company (FDIC), as provided under section 210 of the Dodd-Frank Act. The rule outlines the key elements of Treasury's assessment program, which collects semiannual assessment fees from these institutions. | |
Agency: Department of the Treasury(TREAS) | Priority: Economically Significant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: Yes | Unfunded Mandates: No |
CFR Citation: 31 CFR 150 | |
Legal Authority: PL 111-203 |
Legal Deadline:
None |
|||||||||||||||||||||
Timetable:
|
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
International Impacts: This regulatory action will be likely to have international trade and investment effects, or otherwise be of international interest. | |
RIN Data Printed in the FR: No | |
Agency Contact: Nicole Bynum Chief Operating Officer Department of the Treasury Departmental Offices Office of Financial Research, 717 14th Street NW., Washington, DC 20220 Phone:202 927-3831 Email: nicole.bynum@treasury.gov |