Search Results for keywords:"Federal Reserve Act"

Found 3 results

Search Results: keywords:"Federal Reserve Act"

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  • 2021-01217 — Proposed Agency Information Collection Activities; Comment Request
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    Type:Notice
    Citation:86 FR 6329
    Reading Time:about 6 minutes

    The Federal Reserve Board is seeking public input on a new proposal related to the reporting of transactions involving U.S. Treasury securities and mortgage-backed securities by certain financial institutions. This proposed rule, known as FR 2956, aims to collect detailed daily transaction data from depository institutions that meet specific trading volume criteria. Comments from the public on this proposal are invited by March 22, 2021, and can be submitted through various methods including email and the Federal Reserve’s website. The Board plans to implement this new reporting requirement in 2021, under legal authority provided by the Federal Reserve Act.

    Simple Explanation

    The Federal Reserve Board wants to know what people think about a new plan to keep track of big money trades between banks, especially with U.S. government and home loan-backed money. They are asking people to share their thoughts by a certain date.

  • 2025-04940 — Corporation To Do Business Under Section 25A of the Federal Reserve Act
    Type:Notice
    Citation:90 FR 13487
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from companies seeking approval to establish an Edge Corporation under Section 25A of the Federal Reserve Act. These applications are available for public inspection at the specified Federal Reserve Banks and on the Federal Reserve's website. Interested individuals can submit written comments on these applications, but should be aware that comments are subject to public disclosure. Comments must be submitted by April 8, 2025, either to the appropriate Reserve Bank or to the offices of the Board of Governors in Washington, DC.

    Simple Explanation

    The Federal Reserve is checking if some companies can follow special rules to do business, and everyone can read their applications online and say what they think about it. But they should be careful not to share secrets because everything they write can be seen by everyone.

  • 2021-02199 — Proposed Agency Information Collection Activities; Comment Request
    Type:Notice
    Citation:86 FR 8015
    Reading Time:about 6 minutes

    The Board of Governors of the Federal Reserve System has announced a proposal to extend the Senior Financial Officer Surveys for three more years without changes. This data collection helps the Board gather information on financial markets and services from large banks. They are seeking public feedback on whether this information collection is necessary, its burden on respondents, and possible improvements. The feedback will help the Board decide if any modifications to the proposal are needed.

    Simple Explanation

    The Federal Reserve wants to keep asking big banks questions for three more years to understand how money works, and they're asking people if this is a good idea or if it makes things too hard for the banks. They're also making sure people's answers can stay secret, but some folks think they need to explain why this is important and how it helps everyone a little better.