Search Results for citation:"90 FR 17932"

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Search Results: citation:"90 FR 17932"

  • Type:Notice
    Citation:90 FR 17932
    Reading Time:about 5 minutes

    The Board of Governors of the Federal Reserve System is seeking public comments on a proposal to update the recordkeeping and disclosure requirements under Regulation CC. The proposal includes extending these requirements for three years and adding new provisions that were previously omitted. Regulation CC outlines how banks should manage and disclose information related to deposits and nonpayment of checks. Comments on the proposal must be submitted by June 30, 2025.

    Simple Explanation

    The Federal Reserve System wants people to share their thoughts on a plan to change some rules about how banks keep and share information about checks and deposits. They want to keep these rules for three more years and add some new ones, and people can share their thoughts until the end of June 2025.

  • Type:Notice
    Citation:90 FR 17932
    Reading Time:about 3 minutes

    The Federal Reserve System announced it will extend and revise the Census of Finance Companies and Survey of Finance Companies, known as FR 3033p and FR 3033s, for three more years. These surveys gather data on finance companies, including assets and liabilities, and help the Federal Reserve understand the financial system better. The recent changes involve removing certain companies from the respondent list and updating survey questions. Despite inviting public feedback, they received no comments, and the changes will proceed as planned.

    Simple Explanation

    The Federal Reserve is asking certain companies questions about money to help them understand how businesses handle it. They decided to change some of these questions and who's answering them, but no one gave them any ideas about these changes, so they're going ahead with their plan.