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.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Related Federal Register Documents
2026-08298, Regulatory Capital Rule: Community Bank Leverage Ratio Framework
Starting July 1, 2026, community banks get a break! The minimum leverage ratio drops from 9% to 8%, making it easier for smaller banks to meet rules. Plus, banks can now stay in this easier framework longer—up to four straight quarters instead of two—helping them manage their money better without rushing.
2026-05960, Regulatory Capital Rules: Regulatory Capital and Standardized Approach for Risk-Weighted Assets
Big banks and community banks are getting new rules to better measure the risks in their loans and investments. The changes update how banks count certain assets and income when figuring out their safety net money, called regulatory capital. These updates aim to make banks safer and smarter with their money, with some rules kicking in soon and affecting how much capital banks need to hold.
2025-21625, Regulatory Capital Rule: Revisions to the Community Bank Leverage Ratio Framework
The government wants to make it easier for small banks to stay in a special low-risk capital program by lowering the required leverage ratio from 9% to 8%. They’re also giving banks more time—up to four quarters instead of two—to fix any issues without losing their spot. Banks and bank holding companies should weigh in by January 30, 2026, as these changes could save them money and reduce red tape.
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
Big U.S. banks that are super important to the economy are getting new rules to keep them safer and stronger. These changes tweak how much money they must keep on hand and how they handle long-term debt, helping prevent financial trouble. The new rules kick in soon and could affect how these banks manage billions in assets and debt.
2026-20668, Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
If you want to buy shares in a bank or bank holding company, you need to tell the Federal Reserve first. They check to make sure everything’s fair and safe before you can take control. If you’re interested, you have until October 23, 2026, to share your thoughts or concerns about these deals.
2026-20509, Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks: Bank Holding Companies
The Federal Reserve is updating rules about loans to bank insiders like executives and big shareholders to make things clearer and fairer. They’re giving everyone more time—until November 4, 2026—to share their thoughts on these changes. This affects banks and their top people, aiming to boost transparency and keep things running smoothly.
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.
Next: 2025-07412, Proposed Collection; 60-Day Comment Request; National Cancer Institute (NCI) Generic Clearance for Application Information From Fellows, Interns, and Trainees
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!