Skip to content

Effective date of FRB Reg I amendments

02/14/2022

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.

Penalties View All

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Compliance Deadlines

By Status