Fed Seeks Input on Keeping Ancient Check Records Alive
Published Date: 4/30/2025
Notice
Summary
The Federal Reserve wants to keep and update rules about how banks keep records and share info about checks for three more years. This affects banks and anyone who uses checks, making sure everything stays clear and fair. They’re asking for your thoughts before making these changes official, so now’s the time to speak up!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Regulation CC Recordkeeping Extended 3 Years
The Federal Reserve proposes to extend, with revision, the recordkeeping and disclosure requirements associated with Regulation CC (FR CC; OMB No. 7100-0235) for three years. This keeps rules about how banks keep records and share information about checks in place while the Board asks for public comment.
Checks Users Keep Disclosure Protections
The proposal keeps and updates rules that affect people who use checks by keeping requirements about how banks disclose check information and maintain records. The Board is seeking public comment while proposing the three-year extension of these requirements under Regulation CC.
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Key Dates
Related Federal Register Documents
2025-21626 — Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards for U.S. Global Systemically Important Bank Holding Companies and Their Subsidiary Depository Institutions; Total Loss-Absorbing Capacity and Long-Term Debt Requirements for U.S. Global Systemically Important Bank Holding Companies
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2026-11448 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
Some folks want to buy shares in banks or bank companies, and the Federal Reserve is checking their applications to make sure everything’s fair and safe. If you want to share your thoughts, you’ve got until June 23, 2026, to speak up! This process helps keep banks strong and protects everyone’s money.
2026-11355 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
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Previous / Next Documents
Previous: 2025-07410 — Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
The Federal Reserve Board is extending and updating two important surveys about finance companies for another three years. These surveys help gather info from lenders and finance companies, affecting those businesses by keeping the data collection going. The updates aim to improve the surveys without adding extra costs or delays.
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The National Cancer Institute (NCI) wants to collect info from its fellows, interns, and trainees to improve their programs. They’re asking for your thoughts on this plan for the next 60 days. No big costs or changes, just making sure they gather useful info the right way!