FRB Raises Fee Assessment Threshold under Regulation TT

The Federal Reserve Board adopted a final rule that raises the threshold on fee assessments for bank holding companies and savings and loan holding companies under Regulation TT. The final rule increases the minimum threshold for "assessed company" status from $50 billion to $100 billion in total consolidated assets, and changes the assessment rate for certain assessed companies.

The final rule will go into effect on January 7, 2021.