Search Results for citation:"90 FR 9158"

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Search Results: citation:"90 FR 9158"

  • Type:Notice
    Citation:90 FR 9158
    Reading Time:about 2 minutes

    The Board of Governors of the Federal Reserve System is extending the Application Form for Membership on the Community Advisory Council for three years with some revisions. These revisions, effective in 2025, include changes to organization types and areas of expertise on the application, along with two new attestations. The form will collect information about applicants' experience, qualifications, and interest in joining the council. The Board received no public comments on these changes and will proceed with the revisions as planned.

    Simple Explanation

    The Federal Reserve is making small changes to a form that people fill out if they want to help on a special council. These changes will start in 2025, and no one had any questions or complaints about them.

  • Type:Notice
    Citation:90 FR 9158
    Reading Time:about 2 minutes

    The Board of Governors of the Federal Reserve System is extending for three years the requirement for Holding Company Reports on their transactions with affiliates, known as FR Y-8. This report collects information about transactions between insured depository institutions and their affiliates, helping monitor bank exposures and compliance. The reports must be filed quarterly by certain bank holding companies, savings and loan holding companies, and foreign banking organizations owning U.S. insured depository institutions. Despite a call for public comments on this extension, no feedback was received.

    Simple Explanation

    The Federal Reserve Board wants banks to keep telling them about money deals they do with their family companies, like checking in on β€Œwhat they're up to. They asked people if this plan was okay, but nobody answered them.