Federal Reserve Extends Bank Affiliate Transaction Reports
Published Date: 2/7/2025
Notice
Summary
The Federal Reserve Board is keeping a key report about bank transactions with their affiliates for another three years, without any changes. This affects banks that own other companies and helps keep an eye on their financial deals. No new costs or deadlines are coming, just a smooth extension to keep things running.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
FR Y-8 Reporting Extended Three Years
The Federal Reserve Board is extending for three years, without changes, the FR Y-8 report (Holding Company Report of Insured Depository Institutions' Section 23A Transactions with Affiliates; OMB No. 7100-0126). If your bank files this report about transactions with affiliates, the reporting requirement stays in place but there are no new costs, revisions, or deadlines announced.
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