Fed Seeks Comments on Finance Company Survey Update
Published Date: 7/9/2026
Notice
Summary
The Federal Reserve wants to keep collecting info from domestic finance companies for three more years but with some updates to the form. If you’re part of these companies, you can share your thoughts by September 8, 2026. This helps the Fed keep track of money stuff without costing anyone extra.
Analyzed Economic Effects
5 provisions identified: 3 benefits, 2 costs, 0 mixed.
Three-Year Extension of FR 2248
The Federal Reserve proposes to extend the Domestic Finance Company Report (FR 2248; OMB No. 7100-0005) for three more years. If you are a finance company in the Board's sample, this means the reporting requirement would continue through the extended period.
Estimated Burden Reduction and Annual Hours
The Board estimates a total estimated change in burden of (2,994) hours and a total estimated annual burden of 4,605 hours across about 150 respondents. The collection remains voluntary and is submitted monthly (with additional quarter‑end items and semiannual special addenda).
Form Changes Effective June 2027
The Board proposes revisions to the FR 2248 reporting form that would take effect for the June 2027 reporting period. Revisions include removing the off-balance-sheet securitization column, removing three detailed real estate loan items (3.a.1–3.a.3), removing two equity capital items (8.a and 8.b), renaming and renumbering Total Equity Capital to Equity Capital (8), several wording updates (e.g., 'capital leases' → 'finance leases'), and adding a consolidated Real Estate Loans item (3.a).
Continued Monthly Reporting from Stratified Sample
The FR 2248 continues to be collected monthly as of the last calendar day of the month from a stratified sample of finance companies, with additional asset and liability items collected in quarter‑end months and Board staff potentially asking addendum questions twice per year. If you are in the Board's sample, you may still need to report monthly and answer periodic addenda.
Opportunity to Comment by September 8, 2026
Stakeholders may submit comments on the FR 2248 proposal identified by FR 2248 through the Board's website or other listed methods, with comments due on or before September 8, 2026. Commenters are warned that submissions will be publicly disclosed on the Board's website.
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Key Dates
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Previous / Next Documents
Previous: 2026-13856, Proposed Agency Information Collection Activities; Comment Request
The Federal Reserve wants to keep using and update its job application form for three more years. If you’re thinking about applying or just curious, now’s the time to share your thoughts before September 8, 2026. This update won’t cost you a dime but helps the Fed keep things smooth and clear for future hires.
Next: 2026-13858, Proposed Agency Information Collection Activities; Comment Request
The Federal Reserve wants to keep collecting some important info for three more years but with a few updates. If you or your business deals with the Fed’s data requests, now’s your chance to share your thoughts before September 8, 2026. This won’t cost you money but might change how you provide info to the Fed.