Fed Renews Boring Forex Survey Without Any Drama
Published Date: 4/30/2025
Notice
Summary
The Federal Reserve Board is extending and updating a survey that tracks foreign exchange and derivatives market activity for three more years. This affects banks and financial firms who must keep sharing their data, helping the Fed keep an eye on big money moves. The update means some changes in how info is collected, but no new costs or deadlines are added right now.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 1 costs, 1 mixed.
Survey Extended Three Years
The Federal Reserve Board is extending the Central Bank Survey of Foreign Exchange and Derivatives Market Activity (FR 3036; OMB No. 7100-0285) for three more years. Banks and financial firms that supply data to this survey must continue reporting during that three-year extension.
Survey Data Collection Revised
The Board is revising the FR 3036 survey, which changes how information is collected for the Central Bank Survey of Foreign Exchange and Derivatives Market Activity. The notice describes revisions to collection methods but does not introduce new costs or deadlines at this time.
No New Costs or Deadlines Now
The Federal Reserve Board states that the extension and revision of the FR 3036 survey do not add any new costs or deadlines right now. Firms subject to the survey are not being told to pay more or meet new deadlines in this action.
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