Fed Seeks Comments on Extending Finance Record-Keeping Rules Three Years
Published Date: 2/5/2025
Notice
Summary
The Federal Reserve wants to keep its current rules for tracking complex finance activities for three more years, without any changes. This affects banks and financial institutions that handle tricky money deals. They’re asking for your thoughts before the extension, but no new costs or deadlines are coming your way.
No Economic Impacts Identified for this Document
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Key Dates
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Previous / Next Documents
Previous: 2025-02255, Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
The Federal Reserve Board is extending and updating a report that tracks important money market rates for three more years. This affects banks and financial institutions that provide this info, helping keep the money system clear and steady. The update won’t cost extra but keeps things running smoothly on schedule.
Next: 2025-02257, Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
The Federal Reserve Board is extending and updating some important financial reports that U.S. banks and their foreign branches need to file for the next three years. This affects banks and holding companies with foreign subsidiaries, helping keep financial info clear and up-to-date. No big cost changes, but everyone should note the new deadlines and forms.