Search Results for citation:"86 FR 6329"

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Search Results: citation:"86 FR 6329"

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  • 2021-01199 — Formations of, Acquisitions by, and Mergers of Bank Holding Companies
    Type:Notice
    Citation:86 FR 6329
    Reading Time:about a minute or two

    The Federal Reserve System has announced that several companies have applied to become bank holding companies or to acquire control over existing ones. This process is regulated by the Bank Holding Company Act of 1956 and relevant statutes, and the public can review and comment on these applications until February 22, 2021. One highlighted application involves PSB Holdings, Inc. from Wisconsin, aiming to merge with Waukesha Bankshares, Inc. Interested individuals can access the applications at designated Federal Reserve Banks or online.

    Simple Explanation

    The Federal Reserve is checking if companies can buy or join together with banks, and people can say if they think it's good or bad until February 22, 2021. 🌟

  • 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.