Type:Rule
Citation:86 FR 9261
Reading Time:about a minute or two
The document is a technical correction from the Board of Governors of the Federal Reserve System. It fixes errors in the amendatory instruction for Part 217 of the Board's Regulation Q that was published in the Federal Register on February 3, 2021. The corrections involve changes to specific paragraphs and sections within the regulation to ensure proper headings and numbering. The document also informs readers of the effective date of April 5, 2021, for these corrections.
Simple Explanation
The Federal Reserve made a small fix to how some rules for big banks were written. They made sure everything is numbered and titled the right way, like fixing a mistake in a homework assignment.