Fed Extends Money-Watching Study Because Why Stop Now
Published Date: 1/13/2025
Notice
Summary
The Federal Reserve is extending its Payments Study for three more years without any changes. This study helps track how people and banks use cash and electronic payments across the U.S. No new costs or deadlines are coming, but the data keeps helping the Fed understand payment trends nationwide.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
Reporting Burden Continues for Payment Processors
Organizations that play a significant role in processing payments must continue to respond to the FR 3066 surveys annually. The notice estimates 513 respondents for FR 3066a at about 22 hours per response, 170 respondents for FR 3066b at about 8 hours per response, and a total estimated annual burden of 12,646 hours.
Payments Study Extended Three Years
The Federal Reserve extended the Federal Reserve Payments Study (FR 3066; OMB No. 7100-0351) for three years on January 7, 2025. The study will continue to collect and publish annual estimates of cash and noncash payments that the public, industry, academic researchers, and policymakers use as a national benchmark.
Fed Will Continue Staged Data Releases
The Board expects to continue publishing study results in stages: an initial release of topline estimates followed later by more detailed releases, with annual supplements periodically complementing the triennial releases. The notice states some detailed data for the 2022 FRPS and 2023 Annual Supplement have already been released and more is expected soon.
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Key Dates
Related Federal Register Documents
2026-19617, Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 17a-10
The SEC is asking to keep collecting important financial info from certain broker-dealers to keep an eye on the securities industry. This means some broker-dealers will keep filing key reports every year, with no new costs or big changes. The process stays the same, and the public can comment before the extension is approved.
2026-19615, Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 17Ac3-1 and Form TA-W
The SEC is asking to keep using Rule 17Ac3-1 and Form TA-W, which transfer agents must file when they want to stop their work. This form helps the SEC track where agents worked, why they’re leaving, and if any issues remain. Transfer agents need to file this electronically, and the extension means no new costs or changes, just more time to keep things running smoothly.
2026-19618, Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 15c3-3
The SEC is asking to keep the rules that make broker-dealers protect customer money and securities super carefully. These rules now require daily checks instead of weekly ones for some firms, making sure customer funds are safe and properly tracked. This affects broker-dealers and helps keep your investments secure without adding big costs or delays.
2026-19608, Submission for OMB Review; Comment Request
The Department of Defense is asking for approval to keep collecting important cost and work data from contractors. About 228 contractors will spend time reporting details on their work and costs, helping the DoD plan better and save money. Comments on this plan are open until October 26, 2026, so now’s the time to speak up!
2026-19674, Determination Under the Textile and Apparel Commercial Availability Provision of the Dominican Republic-Central America-United States Free Trade Agreement (“CAFTA-DR”)
The U.S. Committee for the Implementation of Textile Agreements just added a special viscose printed twill lining fabric to the CAFTA-DR list because it’s not made enough in Central America or the Dominican Republic. This means businesses can now import this fabric without limits starting September 25, 2026, making it easier and faster to get the materials they need. If you’re in the textile or apparel world, this update could save you time and money!
2026-19677, Notice of Lodging of Proposed Consent Decree Under the Clean Air Act
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Previous / Next Documents
Previous: 2025-00481, Proposed Agency Information Collection Activities; Comment Request
The Federal Reserve wants to keep its current rules about recordkeeping and sharing info for three more years—no changes! Banks and businesses that follow these rules should share their thoughts by March 14, 2025. This keeps things steady with no new costs or surprises, just a smooth extension.
Next: 2025-00483, Agency Information Collection Activities: Requests for Comments; Clearance of Renewed Approval of Information Collection: Report of Inspections Required by Airworthiness Directives, Part 39
The FAA is asking for your thoughts on renewing a form that helps track airplane safety inspections required by Airworthiness Directives. This affects anyone who submits special requests to change inspection rules using the FAA’s online system. Comments are due by February 12, 2025, and the process helps keep flying safe without adding extra paperwork or costs.