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.
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.
2026-20509, 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.
2026-20478, Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
The Federal Reserve is updating and extending its job application form for three more years starting October 5, 2026. This affects anyone applying to work at the Federal Reserve, making sure their info is up-to-date and easier to handle. No big costs or delays—just a smoother hiring process ahead!
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.