Overview
Title
Privacy Act of 1974; System of Records
Agencies
ELI5 AI
In a notice from the Federal Reserve, they've corrected a date in a document. Instead of something being due on "January 20, 2021," it should actually be "January 21, 2021," kind of like remembering a friend's birthday one day late and telling everyone the right day.
Summary AI
In the Federal Register notice document published on December 21, 2020, a correction has been made. The date mentioned in the DATES section on page 83084, third column, lines two and four, has been changed. The original date "January 20, 2021" should now be read as "January 21, 2021." This change ensures the document reflects the correct deadlines.
Keywords AI
Sources
AnalysisAI
General Summary of the Document
The document in question is a correction notice published by the Federal Reserve System in the Federal Register. The correction pertains to a previous notice document, identified as 2020-27990, originally published on December 21, 2020. The primary focus of the correction is to address an error in the dates listed in the DATES section of that notice. Specifically, the original date of "January 20, 2021" was corrected to "January 21, 2021" on two separate lines in the document.
Significant Issues or Concerns
Upon reviewing the document, there are no significant issues or concerns beyond the date correction. The correction seems straightforward and is intended to ensure that the information is accurate and consistent. It is an administrative change rather than a substantive one, meaning it alters details about timing rather than content or policy.
Impact on the Public Broadly
For the general public, the impact of this correction is likely minimal. The Federal Reserve System deals with monetary policy and financial regulations, which indirectly affect the public through economic conditions and regulatory environments. In this specific case, the change of date doesn't directly influence individual citizens but ensures clarity and timely responses from entities or individuals who are interested or required to respond by the specified date.
Impact on Specific Stakeholders
Stakeholders specifically affected by this correction might include businesses, financial institutions, or individuals who are required to prepare, submit, or act upon notifications or compliance related to the original notice. These stakeholders need to be aware of the correct date, as it could affect their scheduling, planning, and compliance efforts. The document, by updating the dates, aims to minimize any potential confusion and ensure stakeholders have the correct information to act upon.
Overall, while the correction notice may seem insignificant at first glance, its role in maintaining the accuracy and reliability of official communications is crucial for the effective functioning of public policy and administration.