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The proposed rule requires banking organizations to notify their primary federal regulator within 36 hours of determining in good faith that a "computer-security incident" has occurred that could cause significant disruptions to operations. A "notification incident" is an incident deemed serious enough to impact banking services or financial stability. Additionally, bank service providers must alert at least two individuals at affected banking organization customers immediately upon experiencing a significant disruption lasting four or more hours. This rule aims to ensure timely and effective responses to potential cybersecurity threats impacting the banking sector.

The Federal Reserve System has announced an extension of the comment period for an application involving the formation or acquisition of bank holding companies. The application in question concerns First Citizens BancShares, Inc., located in Raleigh, North Carolina, acquiring CIT Group, Inc., based in New York, New York. The public is invited to express their views in writing about this application, with the new deadline for submissions set for February 22, 2021. The information is accessible for review at the Federal Reserve Bank of Richmond and through specified online resources.

The President has decided to extend the national emergency related to the situation in the West Bank for another year, beyond February 1, 2025. This emergency was first declared in early 2024 due to concerns over increased violence, forced displacements, and the destruction of property, which threaten peace and security in the region. These actions negatively impact U.S. foreign policy goals, including the two-state solution, and pose a risk to the security and stability of the broader Middle East. The notice has been sent to Congress and will be published in the Federal Register.

The Office of the Comptroller of the Currency (OCC) is requesting comments from the public and other federal agencies on renewing an information collection known as the "Bank Appeals Follow-Up Questionnaire." This is part of a broader effort to reduce paperwork and respondent burden under the Paperwork Reduction Act of 1995 (PRA). The information gathered will assess the effectiveness of the OCC's appeals process for banks and help improve it. Comments on the need, accuracy, and potential improvements of this information collection are invited, and they must be submitted by April 19, 2021.

The Federal Housing Finance Agency (FHFA) has announced a review in 2021 of all Federal Home Loan Bank members who are required to meet community support standards. The public is invited to comment on these members' community support performance by March 31, 2021. To comply, members must submit a Community Support Statement by October 29, 2021. Details on how to submit comments and the list of members under review are available on respective Federal Home Loan Banks' websites.

The Federal Reserve System is reviewing applications from individuals seeking to acquire shares in a savings and loan holding company under the Change in Bank Control Act. Interested parties can view application details at select Federal Reserve Banks and submit comments or concerns by March 3, 2025. Public comments will be fully disclosed and may include personal or business information. The notice specifically mentions an application by Jeffrey A. Schumacher and John Schumacher to retain voting shares of American Federal Corporation and American Federal Bank in North Dakota.

The Federal Reserve System has received applications from several parties, known collectively as The Stilwell Group, which includes Stilwell Activist Investments, L.P., Stilwell Activist Fund, L.P., Stilwell Partners, L.P., and Joseph D. Stilwell. These parties are seeking approval to buy shares in IF Bancorp, Inc., and consequently in Iroquois Federal Savings and Loan Association, both located in Watseka, Illinois. The public is invited to comment on these applications by April 14, 2025, and comments will be made publicly available. Applications and related documents can be reviewed at the indicated Federal Reserve Banks or obtained via the Federal Reserve's Freedom of Information Office.

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 Financial Crimes Enforcement Network (FinCEN), part of the Treasury Department, is asking for public comments on their plan to renew a rule without changes. This rule requires U.S. banks to gather and report information about financial dealings with specific foreign banks that may do business with Iranian-linked institutions or people associated with the Islamic Revolutionary Guard Corps (IRGC). FinCEN's aim is to continue enforcing these information collections to help monitor and regulate financial activities, with the ultimate goal of preventing money laundering and terrorism financing. The request for comments is in line with efforts to reduce paperwork and examine the burden these regulations place on both U.S. and foreign banks.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has released four general licenses linked to sanctions against Russian harmful foreign activities. These licenses, numbered 53A, 55C, 113, and 114, allow certain transactions that were initially restricted, involving Russian entities like Gazprombank and projects such as Sakhalin-2. Each license specifies what activities are permitted and outlines exceptions, such as prohibiting some financial dealings with blocked entities. These licenses were first published on OFAC's website and have specific expiration dates outlined in the document.