Search Results for citation:"90 FR 9027"

The Board of Governors of the Federal Reserve System has announced the extension and revision of the Procurement Solicitation Package, effective on March 7, 2025. This package includes tools to help the Board fairly select suppliers for goods and services by evaluating their proposals. The new Contractor Conflict of Interest Screening form (FR 1400E) ensures that potential contractors do not have conflicts of interest, particularly when accessing sensitive information related to the Board's mission. Although the public had 60 days to comment on these revisions, no comments were received, and the changes will be implemented as planned.

The Board of Governors of the Federal Reserve System has adopted a proposal to extend and revise several financial reporting forms for U.S. banking organizations with foreign subsidiaries and certain foreign banking organizations. These revisions, which take effect on March 31, 2025, are intended to align with updated accounting standards and reduce regulatory burdens. The revisions include changes to the Financial Statements of Foreign Subsidiaries (FR 2314/S), U.S. Nonbank Subsidiaries (FR Y-11/S), Reports of Foreign Banking Organizations (FR Y-7N/NS/Q), and related forms, to ensure better monitoring and assessment of financial conditions. Public comments were considered, leading to some modifications in the plan, such as adjustments to reporting scope and the timing for implementing new requirements.