Search Results for citation:"90 FR 17598"

The Federal Reserve Board is extending its data collection program called FR 2510, which gathers detailed financial information from large U.S. banking organizations, for another three years without any changes. This program helps the Board oversee crucial financial firms by collecting detailed data on their assets, liabilities, and other financial exposures. The extension follows a public comment period that ended without any feedback. The data collection occurs quarterly and involves around eight financial institutions, with the goal of better understanding and monitoring these banks' global activities and their potential impacts on the financial system.

The Board of Governors of the Federal Reserve System has decided to extend the recordkeeping and disclosure requirements under Regulation II for another three years without changes. This regulation mainly affects debit card issuers, who must manage and update fraud-prevention policies annually, and also inform their payment card networks about their fraud-prevention status. The Board published this proposed extension earlier in the year, and after a 60-day comment period, they received positive feedback supporting the continuation of these requirements.