Search Results for keywords:"Board of Governors"

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Search Results: keywords:"Board of Governors"

  • Type:Rule
    Citation:86 FR 2527
    Reading Time:about 4 minutes

    The Board of Governors of the Federal Reserve System has issued a final rule to adjust the amounts of civil money penalties to account for inflation as mandated by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. These adjustments are based on the change in the Consumer Price Index and are applied to penalties assessed on or after January 13, 2021, for violations occurring on or after November 2, 2015. The rule bypasses the usual requirements for public notice and commentary due to provisions in the 2015 Act, and it does not involve any collection of information that would necessitate paperwork under the Paperwork Reduction Act.

    Simple Explanation

    The people in charge of the United States' money rules decided to change some fines to keep up with changing prices, kind of like when candy costs more over time. They based the new amounts on how prices have changed since 2015, but they didn't tell everyone exactly how much the fines are in this document.

  • Type:Notice
    Citation:90 FR 8543
    Reading Time:less than a minute

    The Postal Service issued a correction notice concerning a previously published document in the Federal Register on January 24, 2025. This document involved the schedule and agenda for the Board of Governors' meeting and contained incorrect dates. The corrected notice specifies that the meetings will occur on February 5, 2025, which will be closed, and February 6, 2025, which will be open. The open meeting agenda will include remarks from leadership, financial and performance reports, and approval of the plan for the next meeting in May.

    Simple Explanation

    The Postal Service made a mistake about when a meeting would happen, so they fixed it to say the meeting will be on February 5th and 6th, 2025. On the 5th, it's secret, but on the 6th, everyone can join to hear leaders talk about money and future plans.

  • Type:Notice
    Citation:86 FR 7750
    Reading Time:less than a minute

    The Postal Service's Board of Governors has announced a Sunshine Act Meeting set for two days in February 2021. On February 8th, the meeting will be closed to discuss strategic issues, financial and operational matters, compensation and personnel matters, and administrative items. On February 9th, an open session will feature speeches from leadership, elections for the board's chairman and vice chairman, and reviews of financial, service, and committee reports. The meeting will take place in Washington, DC, at the Postal Service Headquarters.

    Simple Explanation

    The people in charge of the mail are having a two-day meeting where on the first day, some topics will be talked about in private, like plans and people stuff. Then, on the second day, everyone can listen in Washington, DC, where new leaders will be picked and there will be talks about important things like saving money and making sure the mail works well.

  • Type:Notice
    Citation:90 FR 9159
    Reading Time:about 3 minutes

    The Board of Governors of the Federal Reserve System has decided to extend the use of the Complex Institution Liquidity Monitoring Report (FR 2052a) for another three years without making any changes. This report collects important data from large banking organizations to help the Board monitor their liquidity risks and compliance with financial regulations. The information collected is used to assess potential liquidity problems and ensure safe banking operations. Public comments were invited on this decision, but none were received.

    Simple Explanation

    The Federal Reserve wants to keep using a special report for another three years to check if big banks have enough money and are playing by the rules, but they didn't make any changes to how they do this and nobody commented on it.

  • Type:Notice
    Citation:90 FR 15484
    Reading Time:less than a minute

    The United States Postal Service is holding a closed meeting of the Operations Committee of the Board of Governors on Tuesday, April 15, 2025, at 10:30 a.m. EST. This meeting, held at the Postal Service Headquarters in Washington, DC, will cover administrative and operational matters. The General Counsel has certified that the meeting can be closed under the Government in the Sunshine Act. For more information, Lucy C. Trout, the Acting Secretary of the Board of Governors, is the contact person.

    Simple Explanation

    The Postal Service is having a private meeting to talk about important work stuff, like how they deliver mail. They say it's okay to keep it private because of special rules, but they didn't say exactly why.

  • Type:Notice
    Citation:90 FR 9983
    Reading Time:less than a minute

    The United States Postal Service Board of Governors held a special meeting on February 17, 2025, in Washington, DC. The meeting was closed to the public as it was determined that announcing it beforehand was not feasible. During the meeting, the board discussed administrative items and held an executive session. The General Counsel certified that the closure of the meeting was compliant with the Government in the Sunshine Act.

    Simple Explanation

    The United States Postal Service had a special secret meeting where they talked about important plans, but they didn't say more because it was too hard to tell people beforehand.

  • Type:Notice
    Citation:86 FR 539
    Reading Time:about 2 minutes

    The Federal Reserve System has received applications under the Change in Bank Control Act to acquire shares in banks or bank holding companies. These applications are being reviewed based on specified factors from the Act. Public information about these applications can be accessed at Federal Reserve Banks and the Board of Governors' offices or requested online. Comments from the public are welcomed, provided they are submitted by January 21, 2021, to the appropriate authorities.

    Simple Explanation

    The Federal Reserve System wants to know what people think about some people trying to buy big parts of banks. They are listening to everyone's ideas and thoughts until January 21, 2021, to help them decide if these people should be allowed to do it.

  • Type:Notice
    Citation:90 FR 17473
    Reading Time:less than a minute

    The Postal Service announced a meeting of its Board of Governors scheduled for May 8 and 9, 2025, at their headquarters in Washington, DC. The meeting on May 8 will be closed to discuss strategic, financial, and administrative matters. The open meeting on May 9 will feature remarks from the Board's Chairwoman and the Postmaster General, review of meeting minutes, financial and service performance reports, and approval of the next meeting's agenda. Lucy C. Trout, the Acting Secretary of the Board, can be contacted for more information.

    Simple Explanation

    The Postal Service is having a meeting at their office in Washington, DC, where grown-ups talk about important stuff. On the first day, they'll chat privately, like secrets, and on the second day, everyone can listen.

  • Type:Notice
    Citation:89 FR 99263
    Reading Time:about a minute or two

    The Federal Reserve System has received applications from a group wanting to acquire shares in a bank or bank holding company. These applications are under review according to the Change in Bank Control Act and related regulations. The applications are available for public inspection and comments are welcome but should not include confidential information. Comments must be submitted by December 26, 2024, to the specified Federal Reserve Bank or the Board of Governors in Washington, DC.

    Simple Explanation

    The Federal Reserve is checking if a group can buy parts of a bank. People can say what they think about this, but they shouldn't share secrets in their comments.

  • Type:Notice
    Citation:90 FR 17839
    Reading Time:less than a minute

    The United States Postal Service Board of Governors conducted a closed meeting on Wednesday, April 23, 2025, at their headquarters in Washington, DC. This special meeting was held without prior public notice as no earlier notice was feasible. The Board discussed several topics, including administrative and personnel matters, as well as an executive session. The meeting's closure was justified under the Government in the Sunshine Act, according to the General Counsel of the Postal Service.

    Simple Explanation

    The Postal Service had a secret meeting to talk about work and staff stuff because telling everyone earlier wasn't possible; they said the law lets them keep it private, but didn't tell exactly why, which might make people wonder what's going on.

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