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April 16, 2013 – The Federal Reserve Board is taking comments until June 15 on a proposal to set an annual assessment on certain bank and savings-and-loan holding companies and nonbank financial firms designated by the Financial Stability Oversight Council for Fed supervision.

The Fed's proposal would affect bank holding companies and savings and loan holding companies with $50 billion or more in total consolidated assets.

The Dodd-Frank Act directs the Federal Reserve to collect assessments, fees or other charges equal to the expenses the board estimates are necessary and appropriate to carry out its supervisory and regulatory responsibilities large financial companies.

Under the proposal, 2012 would be the first assessment period and payments would not be collected until the rule is finalized. The Fed Board estimates that for 2012, about 70 companies would be assessed an aggregate $440 million. All assessments collected by the Federal Reserve would be transferred to the Treasury.

The proposal would define each calendar year as an assessment period. The Federal Reserve would notify each company of the amount of its assessment no later than July 15 of the year following the assessment period. Payments would be due by Sept. 30.