Search Results for citation:"90 FR 17935"

The document is a notice from the Federal Reserve System about applications by companies to become bank holding companies or to acquire control of existing ones. Specifically, Sturdy Bancorp, MHC, and its proposed subsidiary, Sturdy Bancorp, Inc., both based in Stone Harbor, New Jersey, are seeking to acquire Sturdy Savings Bank. The document invites public comments on these applications and specifies that comments must be submitted by May 30, 2025. It also provides information on how and where to submit these comments, including electronic submission options.

The Board of Governors of the Federal Reserve System is extending the Central Bank Survey of Foreign Exchange and Derivatives Market Activity (FR 3036) for three years with revisions. This updated survey, effective April 2025, aims to better align with the guidelines set for the 2025 global data collection led by the Bank for International Settlements (BIS). The survey will involve 21 respondents, including large commercial banks, and will help the Federal Reserve gather crucial data about foreign exchange transactions. Despite one public comment suggesting real-time data capture, the Board decided to proceed with the original proposal, emphasizing that the survey's current scope appropriately balances gathering information and the burden on respondents.