Search Results for keywords:"Regulation Q"

The Federal Reserve Board has announced the 2024 global indicator amounts used to determine risk-based capital surcharges for bank holding companies considered globally significant. These surcharges are calculated using a formula that considers various factors like size and interconnectedness. The Board uses data collected by the Basel Committee on Banking Supervision and converts these figures from euros to U.S. dollars for their calculations. The notice provides a methodology for identifying such banks based on their potential impact on the financial system.

The document is a technical correction from the Board of Governors of the Federal Reserve System. It fixes errors in the amendatory instruction for Part 217 of the Board's Regulation Q that was published in the Federal Register on February 3, 2021. The corrections involve changes to specific paragraphs and sections within the regulation to ensure proper headings and numbering. The document also informs readers of the effective date of April 5, 2021, for these corrections.

The Federal Reserve Board is extending its data collection program called FR 2510, which gathers detailed financial information from large U.S. banking organizations, for another three years without any changes. This program helps the Board oversee crucial financial firms by collecting detailed data on their assets, liabilities, and other financial exposures. The extension follows a public comment period that ended without any feedback. The data collection occurs quarterly and involves around eight financial institutions, with the goal of better understanding and monitoring these banks' global activities and their potential impacts on the financial system.