Fed Says It Will Collect $440 Million in Fees From Banks The Federal Reserve says it expects to collect $440 million in fees from 70 big banks and other financial firms to help cover its costs of supervising them. The Fed provided the estimate in announcing it had completed a rule providing for the annual fees. The fees are intended to help defray the costs of expanded regulation, which the Fed gained under the 2010 financial overhaul law. The payments for 2012 are due by Dec. 15, the Fed says. They apply to the largest banks with operations in the United States and nonbank financial firms that have been deemed as potentially threatening the stability of the financial system. Regulators last month classified the American International Group and GE Capital as falling into that category.