Search Results for keywords:"financial reporting"

The National Credit Union Administration (NCUA) is announcing a notice of submission to the Office of Management and Budget (OMB) regarding the renewal of their information collection practices under the Paperwork Reduction Act of 1995. This involves collecting data from federally insured credit unions (FICUs) that must request approval before purchasing assets or assuming liabilities from other institutions. The public is invited to comment on this collection process, focusing on the need, accuracy, and ways to improve this data collection process. Comments should be submitted by January 27, 2025, to ensure they are considered.

The Agricultural Marketing Service of the Department of Agriculture has finalized a rule making clarifying changes to the Paper and Paper-Based Packaging Promotion, Research, and Information Order. These changes update definitions and processes such as nominations, voting methods for Board meetings, financial reporting, and when exemptions can be requested, to better align with current industry practices. The updates also address how partnerships are recognized and clarify the obligations for paying assessments. Despite some mixed feedback during the public comment period, the rule aims to reduce confusion and improve fairness in the paper and paper-based packaging industry.

In response to requests from industry participants, the Securities and Exchange Commission (SEC) has announced a temporary exemption for institutional investment managers from complying with Rule 13f-2 and Form SHO reporting requirements. Originally set to start on January 2, 2025, the compliance date has been extended to January 2, 2026, giving these managers additional time to adjust their systems and address any operational challenges. This decision was made to ensure the accuracy of the information that will be shared with investors. The SEC believes this extension will help achieve the goals of transparency and accurate data reporting, while balancing the preparation needs of the industry.

The Federal Energy Regulatory Commission (FERC) is asking the public for comments on reports from oil pipeline companies, known as FERC Forms 6 and 6-Q. These forms help FERC ensure that oil transportation rates are fair and keep track of oil pipelines' financial health. FERC is collecting comments to make improvements to their reporting process and to extend the requirement for these forms for another three years. People who want to share their thoughts need to send in their comments by May 27, 2025.

The Department of Housing and Urban Development (HUD) issued a notice making technical revisions to the "Operations Notice for the Expansion of the Moving to Work Demonstration Program," with changes effective March 20, 2025. These updates include clarifications on the program's funding, financial reporting, and the use of waivers, while ensuring no material changes are made to the previous notice issued on August 28, 2020. Revisions also include updating contact information and adding new categories to existing program components, such as voucher types and flexibility applications. These changes aim to enhance the clarity and guidance provided to public housing agencies.

The Administration for Children and Families (ACF) is seeking public comments on the extension of the ACF-696: Child Care and Development Fund (CCDF) Quarterly Financial Report form. This form is used by 50 states, the District of Columbia, and five U.S. Territories to report financial expenditures related to CCDF funding. The ACF proposes to renew this form without any changes and is requesting feedback on its necessity, accuracy, clarity, and any suggestions to reduce the reporting burden. Comments are invited within 60 days of the notice publication.

The National Credit Union Administration (NCUA) is revising its Call Report, Form 5300, which credit unions use to submit quarterly financial and statistical data. The changes, influenced by public comments, include the removal of certain accounts and the addition of new ones to improve monitoring of credit union activities. Notable revisions involve reporting on loans to officials, assets pledged, and maturity distribution of uninsured shares, with some proposals adjusted based on feedback. The updates aim to enhance oversight while managing the reporting burden and are scheduled to be effective by March 31, 2025.

The Board of Governors of the Federal Reserve System has decided to extend, with some revisions, a key report, known as FR 2644, for another three years. This report collects data on the assets and liabilities of both U.S. commercial banks and foreign banks operating in the U.S. It helps analyze banking trends by gathering weekly data from a sample of 850 banks. The Board will allow smaller banks under $5 billion in assets to report once a month instead of weekly. These changes begin on April 2, 2025, and the Board received no public comments during the proposal's review period.