The Board of Governors of the Federal Reserve System has decided to extend the Report of Selected Money Market Rates (FR 2420) for another three years with some changes. This report collects daily transaction data from various financial institutions like banks and savings associations to study money market activities. They plan to add new data items about short-term bank funding and brokered transactions while removing references to LIBOR due to its discontinuation. The changes will take effect from February 9, 2026, and there were no public comments during the review period.
Simple Explanation
The people who help manage the country's money have decided to keep checking certain money rates for three more years, but they're also changing some of the things they look at. They're removing an outdated measurement and adding new things to watch, and they didn't get any comments from people when they asked if this was okay.