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Effective date of FRB Reg I amendments


The Federal Reserve Board has announced it has finalized a technical rule that will streamline reporting requirements for member banks related to their subscriptions to Federal Reserve Bank capital stock. The final rule is substantially similar to the proposal published on April 13, 2021.

The final rule amends Regulation I to reduce the quarterly reporting burden for member banks by automating the application process for adjusting their subscriptions to Federal Reserve Bank capital stock, except in the context of mergers.

The rule will be effective 30 days after publication in the Federal Register.

Update on publication and effective date:Published [87 FR 2027] on January 13, 2022, with effective date of February 14, 2022.

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