Type:Notice
Citation:90 FR 13864
Reading Time:about 4 minutes
The Board of Governors of the Federal Reserve System is seeking public comments on its proposal to continue the Written Security Program for State Member Banks (FR 4004) for another three years without changes. This program requires state member banks to have a security plan in place to help deter crimes and aid in capturing perpetrators. Comments on the proposal can be submitted through various means until May 27, 2025, and will be analyzed to decide if any adjustments to the proposal are needed.
Simple Explanation
The Federal Reserve wants people to tell them what they think about keeping a plan that helps banks stay safe from crimes. They won't change the plan for now and want to hear from everyone until the end of May 2025.