Federal Reserve Board Updates Employee Personnel Records Privacy System
Published Date: 1/24/2025
Notice
Summary
The Federal Reserve Board is updating its personnel records system to better manage employee info and benefits. This change affects current and future Board employees and helps keep their data accurate and secure. No extra costs or deadlines are mentioned, but it’s all about smoother, smarter record-keeping.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Fed updates employee records system
If you are a current or future Board employee, the Federal Reserve Board proposes to modify BGFRS-4, the "FRB—General Personnel Records" system. The change is meant to help the Board manage personnel records and administer employee benefits and to keep employee data accurate and secure.
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Key Dates
Related Federal Register Documents
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2026-15777, Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks; Bank Holding Companies
The Board is inviting public comment on proposed amendments to Regulation O, which governs loans by member banks to their insiders and insiders of their affiliates. The proposed amendments would update and modernize the regulation, increase transparency by clarifying requirements and incorporating existing interpretations, and promote efficiency by reducing regulatory burden. The proposed amendments also would incorporate existing statutory requirements that are not currently reflected in the regulation. Moreover, the proposed amendments would update several outdated dollar-based thresholds in Regulation O and index these thresholds going forward. In addition, the proposed amendments would address the application of Regulation O to member banks that lend to companies that are presumed to be controlled by large asset management companies through passive investment funds. Finally, the proposed amendments would revise and reorganize the regulation to streamline the text and make it more accessible.
2026-14373, Formations of, Acquisitions by, and Mergers of Bank Holding Companies
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2026-14064, Formations of, Acquisitions by, and Mergers of Bank Holding Companies
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Previous / Next Documents
Previous: 2025-01685, Privacy Act of 1974; System of Records
The Federal Reserve’s Office of Inspector General is updating how it handles investigative records about its work and the Consumer Financial Protection Bureau. This change affects anyone involved in these investigations and helps keep things organized and secure. No big cost or timing changes, just smoother record-keeping to protect your info better.
Next: 2025-01687, Procurement List; Proposed Deletions
The government plans to remove some services from its official list that were provided by nonprofit groups helping people who are blind or have serious disabilities. This change means those services might be handled differently soon, but it’s all part of keeping things fresh and efficient. If you’re involved, keep an eye out for updates on timing and what this means for budgets.