Search Results for citation:"86 FR 92"

Found 2 results

Search Results: citation:"86 FR 92"

💰 Only
Oldest Newest
  • 2020-29030 — Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
    Type:Notice
    Citation:86 FR 92
    Reading Time:about 2 minutes

    The Federal Reserve System announced that individuals and groups have submitted applications to acquire shares of banks or bank holding companies, as outlined in the Change in Bank Control Act. These applications are being reviewed based on specific factors detailed in the Act. The public can view these applications and related documents at certain Federal Reserve Bank locations or online. Comments on the applications must be submitted by January 19, 2021.

    Simple Explanation

    The Federal Reserve is checking if people can buy big pieces of banks. They want to make sure everything is safe and fair, so people can say what they think about it until January 19, 2021.

  • 2020-29028 — Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
    💰
    Type:Notice
    Citation:86 FR 92
    Reading Time:about 30 minutes

    The Board of Governors of the Federal Reserve System is making changes to financial reporting requirements for holding companies and Edge corporations. These updates include revising the definitions and reporting instructions related to savings deposits and including new temporary data items associated with the CARES Act and the Paycheck Protection Program Liquidity Facility (PPPLF). The Board also plans to address concerns about consistency across different reports, such as ensuring that savings deposits are consistently classified in the Call Report and other financial statements. Additionally, they have issued clarifications for recording uncollectible accrued interest, shared fees from securities-related activities, and pledged equity securities.

    Simple Explanation

    The Federal Reserve is updating the rules on how certain companies report money and bank-related information. They're also adding some temporary questions to understand how these companies are handling loans connected to a recent government support program.