No Changes to Bank Asset Sale Extension Form
Published Date: 3/27/2025
Notice
Summary
The Federal Reserve wants to keep a form active for three more years without changing it. This form helps banks ask for more time to sell off assets they got when debts weren’t paid. If you’re a bank or financial institution, this means no new costs or changes, just more time to get things done.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
FR 4006 Form Extended 3 Years
The Federal Reserve proposes to extend, without changes, the FR 4006 form for three years. The FR 4006 lets banks and financial institutions request extra time to sell assets they acquired when debts were not paid. Banks will not face new costs or revised reporting rules during this three-year extension.
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