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Proposals for Comment

The Board has requested public comment on the proposals listed below. Comments can be submitted through this web site using the "Submit comment" links. Comments may also be submitted in writing or by electronic mail (see text of each proposal for contact information). Please note the closing date for each comment period.

Public comments on the proposals and, if publicly available, related staff materials can be viewed by following the associated links. Comments can also be viewed in Room MP-500 of the Board’s Martin Building (20th and C Streets, NW, Washington, D.C.) between 9:00 a.m. and 5:00 p.m. (Eastern Time) weekdays or can be obtained by formal request under the FOIA. All comments are reproduced without alteration except when necessary for technical reasons.

The proposals are grouped by subject: (1) Dodd-Frank Act Proposals, (2) regulations ("Rulemaking Proposals"), (3) policies ("Other Proposals"), (4) reports of financial and other information ("Information Collection Proposals"), and (5) Economic Growth Regulatory Paperwork Reduction Act of 1996 ("EGRPRA"). Under each heading, the proposals are listed in reverse order of publication in the Federal Register, with the most recently published proposal as the first entry.

The rules and proposed rules that the Board expects to issue during the next six months are summarized in the Unified Agenda (also known as the Semiannual Regulatory Agenda), which is published twice a year in the Federal Register. View the Board's Unified Agenda (PDF).

You can find, review, and submit comments on other federal documents that are open for comment and published in the Federal Register at Regulations.gov.

 

Rulemaking Proposals

Proposals concerning Board regulations codified in the Code of Federal Regulations

Small Bank Holding Company Policy Statement; Capital Adequacy of Board-Regulated Institutions; Bank Holding Companies; Savings and Loan Holding Companies; Changes to Reporting Requirements. [R-1509]

The Board is proposing to raise the asset size threshold for determining applicability of the Board's Small Bank Holding Company Policy Statement (Regulation Y, Appendix C) (Policy Statement) to $1 billion from $500 million and to expand the scope of the Policy Statement to include savings and loan holding companies that also meet the Policy Statement's requirements. The Board is also proposing to make related and conforming revisions to: Regulation Y and Regulation LL, the Board's regulations governing the operations and activities of bank holding companies and savings and loan holding companies, respectively; and Regulation Q, the Board's regulatory capital regulation. Finally, to reduce burden on small non-complex holding companies, the Board is proposing to change the reporting requirements for bank holding companies and savings and loan holding companies that meet the requirements of the Policy Statement (as proposed).

Closing date for comments: 03/4/2015

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Regulatory Capital Rules: Interim Final Rule to Exempt Small Savings and Loan Holding Companies from the Regulatory Capital Rules [R-1508]

The Board invites comment on an interim final rule that would exempt savings and loan holding companies that have total consolidated assets of less than $500 million and meet certain other requirements from the Board's regulatory capital requirements (Regulation Q). The amendments implement Public Law 113-250, which exempts small savings and loan holding companies from the minimum capital requirements mandated by section 171 of the Dodd-Frank Wall Street Reform and Consumer Protection Act that would meet the Board's Small Bank Holding Company Policy Statement if they were bank holding companies. In connection with this interim final rule, the Board is proposing to remove the requirement that qualifying savings and loan holding companies complete Schedule SC-R, Part I (Regulatory Capital Components and Ratios), of form FR Y-9SP (Parent Company Only Financial Statements for Small Holding Companies).

Closing date for comments: 03/4/2015

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Regulation H: Loans in Areas Having Special Flood Hazards [R-1498]

The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), Federal Deposit Insurance Corporation (FDIC), the Farm Credit Administration (FCA), and the National Credit Union Administration (NCUA) (collectively, the Agencies) are proposing to amend their regulations regarding loans in areas having special flood hazards to implement certain provisions of the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA), which amends some of the changes to the Flood Disaster Protection Act of 1973 mandated by the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters). Specifically, the proposal would establish requirements with respect to the escrow of flood insurance payments, consistent with the changes set forth in HFIAA. The proposal also would incorporate an exemption in HFIAA for certain detached structures from the mandatory flood insurance purchase requirement. The Agencies plan to address in a separate rulemaking other provisions of Biggert-Waters over which the Agencies have jurisdiction that have not been affected by HFIAA.

Closing date for comments: 12/29/2014

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Complementary Activities, Merchant Banking Activities, and Other Activities of Financial Holding Companies related to Physical Commodities [R-1479]

Advance notice of proposed rulemaking on various issues related to physical commodity activities conducted by financial holding companies and the restrictions imposed on these activities to ensure they are conducted in a safe and sound manner and consistent with applicable law.

Closing date for comments: 04/16/2014

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Regulation CC: Availability of Funds and Collection of Checks [R-1409]

The Board is revising its proposed amendments to subparts C and D of Regulation CC and is requesting comment on a revised proposed rule that would, among other things, encourage depositary banks to receive and paying banks to send returned checks electronically.

Closing date for comments: 05/2/2014

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Regulation H - Loans in Areas Having Special Flood Hazards [R-1462]

Joint notice of proposed rulemaking to amend regulations pertaining to loans secured by property located in areas having special flood hazards to implement provisions of the Biggert-Waters Flood Insurance Reform Act of 2012.

Closing date for comments: 12/10/2013

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Interagency Advanced Notice of Proposed Rulemaking:Threshold for the Requirement to Collect, Retain, and Transmit Information on Funds Transfers and Transmittals of Funds [R-1258]

Joint advanced notice of proposed rulemaking requesting comment from the public, including law enforcement and financial institutions, to assess whether the potential benefit to law enforcement of a lower threshold outweighs the potential burden to financial institutions.

Closing date for comments: 08/21/2006

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Other Proposals

Proposals concerning Board policies not codified in the Code of Federal Regulations

Privacy Act of 1974; Notice of New System of Records [OP-1511] (197 KB PDF)

The Board requests public comment on a proposal to establish, in accordance with the Privacy Act of 1974, 5 U.S.C. 552a, a new system of records BGFRS-39 (General File of the Community Advisory Council).

Closing date for comments: 03/30/2015

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Community Reinvestment Act; Interagency Questions and Answers Regarding Community Reinvestment; Notice [OP-1497]

The OCC, Board, and FDIC propose to clarify and supplement their Interagency Questions and Answers Regarding Community Reinvestment to address questions raised by bankers, community organizations, and others regarding the Agencies' Community Reinvestment Act regulations.

Closing date for comments: 11/10/2014

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Interagency Guidance on Internal Ratings-Based Systems for Retail Credit Risk for Regulatory Capital [OP-1215]

Proposed supervisory guidance on the internal-ratings-based (IRB) approach to determine regulatory capital requirements for retail credit exposures

Closing date for comments: 01/25/2005

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Anti-Tying Restrictions of Section 106 of the Bank Holding Company Act Amendments of 1970 [OP-1158]

Proposal to adopt an interpretation of the anti-tying restrictions of section 106 of the Bank Holding Company Act Amendments of 1970, and related supervisory guidance

Closing date for comments: 09/30/2003

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Dodd-Frank Act Proposals | Rulemaking Proposals | Other Proposals | Information Collection Proposals | EGRPRA

Information Collection Proposals

Proposals concerning the reporting of financial and other information under authority delegated to the Board by the Office of Management and Budget

Agency Information Collection (205 KB PDF)

Proposal to approve under OMB delegated authority the revision, without extension, of the following reports: (1) Consolidated Financial Statements for Holding Companies, Parent Company Only Financial Statements for Large Holding Companies, Parent Company Only Financial Statements for Small Holding Companies, Financial Statements for Employee Stock Ownership Plan Holding Companies (FR Y-9C, FR Y-9LP, FR Y-9SP, FR Y-9ES); (2) Consolidated Holding Company Report of Equity Investments in Nonfinancial Companies (FR Y-12); (3) Banking Organization System Risk Report (FR Y-15); (4) Financial Statements of U.S. Nonbank Subsidiaries of U.S. Holding Companies and the Abbreviated Financial Statements of U.S. Nonbank Subsidiaries of U.S. Holding Companies (FR Y-11 and FR Y-11S); (5) Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations and the Abbreviated Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations (FR 2314 and FR 2314S); (6) Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations, the Abbreviated Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations, and the Capital and Asset Report for Foreign Banking Organizations (FR Y-7N, FR Y-7NS, and FR Y-7Q); (7) Quarterly Savings and Loan Holding Company Report (FR 2320); (8) Savings Association Holding Company Report (FR H-(b)11); and (9) Consolidated Report of Condition and Income for Edge and Agreement Corporations (FR 2886b).

Closing date for comments: 05/26/2015

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Agency Information Collection [ICP-201505]

Proposal to approve under OMB delegated authority the extension for three years, with revision, of the following reports: Annual Report of Holding Companies (Y-6); Annual Report of Foreign Banking Organizations (FR Y-7); Report of Changes in Organizational Structure (FR Y-10); and Supplement to the Report of Changes in Organizational Structure (FR Y-10E).

Closing date for comments: 60 days after the Federal Register Notice

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Agency Information Collection (197 KB PDF)

Proposal to approve under OMB delegated authority the extension for three years, with revision, of the following reports: (1) Quarterly Report of Assets and Liabilities of Large Foreign Offices of U.S. Banks (FR 2502q); (2) Quarterly Report of Interest Rates on Selected Direct Consumer Installment Loans and Quarterly Report of Credit Card Plans (FR 2835 and FR 2835a); and (3) Census of Finance Companies (FR 3033p).

Closing date for comments: 05/11/2015

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Agency Information Collection (198 KB PDF)

Proposal to approve under OMB delegated authority the extension for three years, without revision, of the following report: Recordkeeping Requirements Associated with Real Estate Appraisal Standards for Federally Related Transactions Pursuant to Regulations H and Y (FR H-4). Proposal to approve under OMB delegated authority the implementation of the following information collection: Federal Reserve Board Public Web Site Usability Survey (FR 3076).

Closing date for comments: 04/13/2015

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Agency Information Collection (201 KB PDF)

Proposal to approve under OMB delegated authority the extension for three years, without revision, of the following reports: (1) Senior Loan Officer Opinion Survey on Bank Lending Practices (FR 2018); (2) Senior Financial Officer Survey (FR 2023); (3) Survey of Terms of Lending (FR 2028A, FR 2028B, and FR 2028S); and (4) Bank Holding Company Report of Insured Depository Institutions' Section 23A Transactions with Affiliates (FR Y-8).

Closing date for comments: 04/13/2015

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Agency Information Collection (208 KB PDF)

See Dodd-Frank Act Proposals

Agency Information Collection (75 KB PDF)

Proposal to approve under OMB delegated authority the extension for three years, with revision, of the following reports: (1) the Complex Institution Liquidity Monitoring Report (FR 2052a); and (2) the Liquidity Monitoring Report (FR 2052b).

Closing date for comments: 02/2/2015

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Agency Information Collection (208 KB PDF)

The Board, the FDIC, and the OCC, under the auspices of the Federal Financial Institutions Examination Council (FFIEC), are proposing to implement the following new information collection: Market Risk Regulatory Report for Institutions Subject to the Market Risk Capital Rule(FFIEC 102).

Closing date for comments: 03/20/2015

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Agency Information Collection (73 KB PDF)

See Dodd-Frank Act Proposals

 

Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA)

The Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA) requires that regulations prescribed by the Federal Financial Institutions Examination Council, and its member agencies be reviewed by the agencies at least once every 10 years. The purpose of this review is to identify outdated, unnecessary, or unduly burdensome regulations and consider how to reduce regulatory burden on insured depository institutions while, at the same time, ensuring their safety and soundness and the safety and soundness of the financial system.

EGRPRA: Banking Operations, Capital, and the Community Reinvestment Act [R-1510]

The OCC, Board, and FDIC ("Agencies") are seeking public comment on a second set of regulatory categories as part of their review to identify outdated or unnecessary regulations applied to insured depository institutions. The Agencies are seeking comment on regulations in the following categories: Banking Operations, Capital, and the Community Reinvestment Act.

Closing date for comments: 05/14/2015

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Regulatory Publication and Review Under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 [OP-1491]

The OCC, Board, and FDIC ("we" or "Agencies") are conducting a review of the regulations we have issued to identify outdated, unnecessary, or unduly burdensome regulations for insured depository institutions. This review is required by section 2222 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996 ("EGRPRA"). To facilitate this review, the Agencies have divided these regulations into 12 subject-matter categories and identified the regulations within each category. This is the first of the four Federal Register requests for comment. In it, we are seeking comment on the regulations in the following three categories: Applications and Reporting, Powers and Activities, and International Operations. We will address the remaining nine categories in the three subsequent requests for comment.

Closing date for comments: 09/2/2014

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Last update: March 27, 2015