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. Public comments may also be viewed electronically or in paper form in Room 146, 1709 New York Avenue, N.W., Washington, D.C. 20006 between 9:00 a.m. and 5:00 p.m. on weekdays. All comments are reproduced without alteration except when necessary for technical reasons or to remove sensitive PII.

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
 

Other Proposals

Proposals concerning Board policies not codified in the Code of Federal Regulations
  • Privacy Act of 1974: Notice of a Modified System of Records [OP-SORN-202002] (258 KB PDF)

    Pursuant to the provisions of the Privacy Act of 1974, notice is given that the Board proposes to modify an existing system of records, entitled BGFRS-33, 'FRB-Telephone Call Detail Records' to reflect changes in the format, location, and source of its wireless phone records. The Board also proposes to rename the system of records BGFRS-33, 'FRB-Wired and Wireless Telephone Records,' as it stores information on the use of Board telephones, both wired and wireless.

    Closing date for comments: 12/31/2020

    Comments: Submit |  View


  • Loans in Areas Having Special Flood Hazards; Interagency Questions and Answers Regarding Flood Insurance [OP-1720]

    The Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Farm Credit Administration, and National Credit Union Administration (collectively, the Agencies) propose to reorganize, revise, and expand the Interagency Questions and Answers Regarding Flood Insurance and solicit comment on all aspects of the amendments. To help lenders meet their responsibilities under Federal flood insurance law and to increase public understanding of their flood insurance regulations, the Agencies have prepared proposed new and revised guidance addressing the most frequently asked questions and answers about flood insurance. Significant topics addressed by the proposed revisions include the effect of major amendments to flood insurance laws with regard to the escrow of flood insurance premiums, the detached structure exemption, and force-placement procedures.

    Updated: PDF

    Closing date for comments: 11/3/2020

    Comments: Submit |  View


  • Privacy Act of 1974: Notice of a new system of records [OP-SORN-202001] (268 KB PDF)

    Pursuant to the provisions of the Privacy Act of 1974, notice is given that the Board of Governors of the Federal Reserve System proposes to establish a new system of records, BGFRS-43, "FRB-Security Sharing Platform."

    Closing date for comments: 05/1/2020

    Comments: Submit |  View


  • Guidance for Resolution Plan Submissions of Certain Foreign-based Covered Companies [OP-1699]

    See Dodd-Frank Act Proposals


  • Privacy Act of 1974: Notice of a Modified System of Records [OP-SORN-201907] (275 KB PDF)

    Pursuant to the provisions of the Privacy Act of 1974, notice is given that the Board of Governors of the Federal Reserve System (Board) proposes to modify an existing system of records entitled, BGFRS-23, "FRB-Freedom of Information Act and Privacy Act Case Tracking and Reporting System." BGFRS-23 permits Board staff to track Freedom of Information Act (FOIA) and Privacy Act (PA) requests, input processing data, and produce reports.

    Closing date for comments: 01/27/2020

    Comments: Submit |  View


  • Credit Risk Retention-Notice of Commencement of Review [OP-1688] (291 KB PDF)

    The OCC, Board, FDIC, Commission, FHFA, and HUD (the agencies) are providing notice of the commencement of the review of the definition of qualified residential mortgage; the community-focused residential mortgage exemption; and the exemption for qualifying three-to-four unit residential mortgage loans, in each case as currently set forth in the Credit Risk Retention Regulations as adopted by the agencies.

    Updated: PDF

    Closing date for comments: 02/3/2020

    Comments: Submit |  View


  • Request for Information on Application of the Uniform Financial Institutions Rating System [OP-1681]

    The Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation are seeking information and comments from interested parties regarding the consistency of ratings assigned under the Uniform Financial Institutions Rating System (UFIRS). The assigned ratings are commonly known as CAMELS ratings. They also are interested in receiving feedback concerning the current use of CAMELS ratings by the agencies in their bank application and enforcement action processes.

    Updated: PDF

    Closing date for comments: 02/28/2020

    Comments: Submit |  View


  • Privacy Act of 1974: Notice of a Modified System of Records [OP-SORN-201906] (310 KB PDF)

    Pursuant to the provisions of the Privacy Act of 1974, notice is given that the Board of Governors of the Federal Reserve System (Board) proposes to modify an existing system of records entitled, BGFRS-38, 'FRB-Transportation Subsidy Records.' The Board uses BGFRS-38 to track and monitor employees participation in the transportation subsidy program.

    Closing date for comments: 10/3/2019

    Comments: Submit |  View


  • Privacy Act of 1974: Notice of Modified System of Records [OP-SORN-201905] (314 KB PDF)

    Privacy Act of 1974, notice is given that the Board proposes to modify an existing system of records entitled, BGFRS-12 "FRB-Bank Officers Personnel System." BGFRS-12 is a system of records that contains personal information about Federal Reserve Bank officers.

    Closing date for comments: 08/29/2019

    Comments: Submit |  View


  • Potential Federal Reserve Actions to Support Interbank Settlement of Faster Payments [OP-1625]

    The Board is seeking input on potential actions that the Federal Reserve could take to promote ubiquitous, safe, and efficient faster payments in the United States by facilitating real-time interbank settlement of faster payments.

    Closing date for comments: 12/14/2018

    Comments: Submit |  View


  • New Message Format for the Fedwire® Funds Service [OP-1613]

    The Board is requesting comment on a proposal to adopt the ISO® 20022 message format for the Fedwire® Funds Service. ISO 20022 is an international standard that would replace the Fedwire Funds Service's current, proprietary message format. The migration to ISO 20022 would take place in three phases beginning in 2020 and ending in 2023.

    Closing date for comments: 09/4/2018

    Comments: Submit |  View


  • Policy on Payment System Risk and Expanded Real-Time Monitoring [OP-1607] (201 KB PDF)

    The Board is requesting comment on the benefits and drawbacks of a potential change to part II of the Federal Reserve Policy on Payment System Risk. The potential change would entail the Federal Reserve Banks monitoring in real time all Fedwire Funds transfers and rejecting those transfers that would breach the Fedwire sender's net debit cap, that is, the ceiling on its total daylight overdraft position that it is permitted to incur in its Federal Reserve account during any given day.

    Closing date for comments: 07/6/2018

    Comments: Submit |  View


  • Proposed Guidance on Core Principles of Effective Senior Management, Management of Business Lines, and Independent Risk Management and Controls for Large Financial Institutions [OP-1594]

    The Board is seeking comment on proposed guidance describing core principles of effective senior management, the management of business lines, and independent risk management and controls for large financial institutions.

    Closing date for comments: 03/15/2018

    Comments: Submit |  View


  • Proposed Guidance on Supervisory Expectations for Boards of Directors [OP-1570]

    The Board invites comment on a proposal addressing supervisory expectations for the boards of directors of bank holding companies, savings and loan holding companies, state member banks, U.S. branches and agencies of foreign banking organizations, and systemically important nonbank financial companies designated by the Financial Stability Oversight Council for supervision by the Federal Reserve.

    Closing date for comments: 02/15/2018

    Comments: Submit |  View


  • Continued Application of Regulations to Savings and Loan Holding Companies [OP-1427]

    See Dodd-Frank Act Proposals


 
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 (50 KB PDF)

    Proposal to approve under OMB delegated authority the extension for three years, with revision, the Government Securities Dealers Reports (FR 2004; OMB No. 7100-0003).

    Closing date for comments: 02/12/2021

    Comments: Submit |  View


  • Agency Information Collection (234 KB PDF)

    Proposal to approve under OMB delegated authority the extension for three years, without revision, the Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation BB (FR BB; OMB No. 7100-0197).

    Closing date for comments: 02/9/2021

    Comments: Submit |  View


  • Agency Information Collection (253 KB PDF)

    The Federal Financial Institutions Examination Council, of which the agencies are members, has approved the Office of the Comptroller of the Currency (OCC), Treasury; Board of Governors of the Federal Reserve System (Board); and Federal Deposit Insurance Corporation (FDIC) publication for public comment of a proposal to revise and extend the Consolidated Reports of Condition and Income (Call Reports) for a Bank with Domestic and Foreign Offices (FFIEC 031), the Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only (FFIEC 041), and the Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only and Total Assets Less than $5 Billion (FFIEC 051), which are currently approved collections of information.

    Closing date for comments: 01/29/2021

    Comments: Submit |  View


  • Agency Information Collection (248 KB PDF)

    Proposal to approve under OMB delegated authority the extension for three years, with revision, the Application for Employment with the Board of Governors of the Federal Reserve System (FR 28; OMB No. 7100-0181).

    Closing date for comments: 01/25/2021

    Comments: Submit |  View


  • Agency Information Collection (269 KB PDF)

    The Board, under the auspices of the Federal Financial Institutions Examination Council, is giving notice that it is sending the revisions to the following collection to OMB for review: Consolidated Reports of Condition and Income (Call Reports) (FFIEC 031, FFIEC 041, and FFIEC 051), Regulatory Capital Reporting for Institutions Subject to the Advanced Capital Adequacy Framework (FFIEC 101), Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks (FFIEC 002) and the Report of Assets and Liabilities of a Non-U.S. Branch that is Managed or Controlled by a U.S. Branch or Agency of a Foreign (Non-U.S.) Bank (FFIEC 002S), and Call Report and FFIEC 101 revisions to implement the agencies' proposed total loss absorbing capacity (TLAC) investments rule for advanced approaches banking organizations.

    Closing date for comments: 12/23/2020

    Comments: Submit |  View


  • Agency Information Collection (240 KB PDF)

    Proposal to approve under OMB delegated authority the extension for three years, without revision, the Quarterly Report of Interest Rates on Selected Direct Consumer Installment Loans and the Quarterly Report of Credit Card Plans (FR 2835; FR 2835a; OMB No. 7100-0085).

    Closing date for comments: 01/19/2021

    Comments: Submit |  View


  • Agency Information Collection (250 KB PDF)

    See Dodd-Frank Act Proposals


  • Agency Information Collection (245 KB PDF)

    Proposal to approve under OMB delegated authority the extension for three years, without revision, the Senior Loan Officer Opinion Survey on Bank Lending Practices (FR 2018; OMB No. 7100-0058).

    Closing date for comments: 12/14/2020

    Comments: Submit |  View


  • Agency Information Collection (249 KB PDF)

    Proposal to approve under OMB delegated authority the extension for three years, with revision, the Recordkeeping and Disclosure Provisions Associated with Real Estate Appraisal Standards (FR Y-30; OMB No. 7100-0250).

    Closing date for comments: 12/14/2020

    Comments: Submit |  View


  • Agency Information Collection (245 KB PDF)

    Proposal to approve under OMB delegated authority the extension for three years, without revision, the Disclosure Requirements Associated with Consumer Financial Protection Bureau's (CFPB) Regulation DD (FR DD; OMB No. 7100-0271).

    Closing date for comments: 12/14/2020

    Comments: Submit |  View


  • Agency Information Collection (251 KB PDF)

    Proposal to approve under OMB delegated authority the extension for three years, without revision, the Recordkeeping and Disclosure Requirements Associated with Securities Transactions pursuant to the Board's Regulation H (FR H-3; OMB No. 7100-0196).

    Closing date for comments: 12/14/2020

    Comments: Submit |  View


  • Agency Information Collection (244 KB PDF)

    Proposal to approve under OMB delegated authority the extension for three years, without revision, the Reporting, Recordkeeping, and Disclosure Provisions Associated with the Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice (FR 4100; OMB No. 7100-0309).

    Closing date for comments: 12/14/2020

    Comments: Submit |  View


  • Agency Information Collection (266 KB PDF)

    See Dodd-Frank Act Proposals


  • Agency Information Collection (265 KB PDF)

    See Dodd-Frank Act Proposals


  • Agency Information Collection (249 KB PDF)

    Proposal to approve under OMB delegated authority the extension for three years, with revision, the Notifications Related to Community Development and Public Welfare Investments of State Member Banks (FR H-6; OMB No. 7100-0278).

    Closing date for comments: 11/16/2020

    Comments: Submit |  View


  • Agency Information Collection (247 KB PDF)

    Proposal to approve under OMB delegated authority the extension for three years, without revision, the Board Public website Usability Surveys (FR 3076; OMB No. 7100-0366).

    Closing date for comments: 11/16/2020

    Comments: Submit |  View


  • Agency Information Collection (248 KB PDF)

    Proposal to approve under OMB delegated authority the extension for three years, with revision, the Reports of Deposits: Report of Transaction Accounts, Other Deposits, and Vault Cash; Annual Report of Deposits and Reservable Liabilities; Report of Foreign (Non-U.S.) Currency Deposits; and Allocation of Low Reserve Tranche and Reservable Liabilities Exemption (FR 2900, FR 2910a, FR 2915, FR 2930; OMB No. 7100-0087).

    Closing date for comments: 11/2/2020

    Comments: Submit |  View


  • Agency Information Collection (274 KB PDF)

    See Dodd-Frank Act Proposals


  • Agency Information Collection (329 KB PDF)

    See Dodd-Frank Act Proposals


  • Agency Information Collection (72 KB PDF)

    See Dodd-Frank Act Proposals


  • Agency Information Collection

    See Dodd-Frank Act Proposals


  • Agency Information Collection (257 KB PDF)

    See Dodd-Frank Act Proposals


  • Agency Information Collection (267 KB PDF)

    See Dodd-Frank Act Proposals


  • Agency Information Collection (269 KB PDF)

    See Dodd-Frank Act Proposals


  • Agency Information Collection (265 KB PDF)

    Proposal to approve under OMB delegated authority the extension for three years, without revision, the Reporting Requirements Associated with Regulation A (FR A; OMB No. 7100-0373).

    Closing date for comments: 05/1/2020

    Comments: Submit |  View


  • Agency Information Collection (303 KB PDF)

    The OCC, the Board, and the FDIC (collectively, the agencies) are requesting comment on ways to modify the current requirements for reporting data on loans to small businesses and small farms in the Consolidated Reports of Condition and Income (Call Report) so that the reported data better reflect lending to these sectors of the U.S. economy.

    Closing date for comments: 12/16/2019

    Comments: Submit |  View


  • Agency Information Collection (353 KB PDF)

    The Federal Financial Institutions Examination Council (FFIEC), of which the OCC, the Board, and the FDIC are members, has approved the agencies' publication for public comment of a proposal to revise and extend the Consolidated Reports of Condition and Income (Call Reports) (FFIEC 031, FFIEC 041, and FFIEC 051) and the Regulatory Capital Reporting for Institutions Subject to the Advanced Capital Adequacy Framework (FFIEC 101), which are currently approved collections of information.

    Closing date for comments: 02/26/2020

    Comments: Submit |  View


  • Agency Information Collection (345 KB PDF)

    See Dodd-Frank Act Proposals


  • Agency Information Collection (332 KB PDF)

    The Federal Financial Institutions Examination Council (FFIEC), of which the agencies are members, has approved the agencies' publication for public comment of a proposal to extend for three years, without revision, the Market Risk Regulatory Report for Institutions Subject to the Market Risk Capital Rule(FFIEC 102), which is currently an approved collection of information for each agency.

    Closing date for comments: 11/18/2019

    Comments: Submit |  View


  • Agency Information Collection (256 KB PDF)

    The Federal Financial Institutions Examination Council (FFIEC), of which the agencies are members, has approved the agencies' publication for public comment of a proposal to extend for three years, without revision, the Country Exposure Report (FFIEC 009) and the Country Exposure Information Report (FFIEC 009a), which are currently approved collections of information.

    Updated: PDF

    Closing date for comments: 10/9/2019

    Comments: Submit |  View


  • Agency Information Collection (235 KB PDF)

    The Federal Financial Institutions Examination Council, of which the agencies are members, has approved the Board's publication for public comment of a proposal to revise and extend for three years the Consolidated Reports of Condition and Income for a Bank with Domestic and Foreign Offices (FFIEC 031), the Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only (FFIEC 041), and the Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only and Total Assets Less than $1 Billion (FFIEC 051), which are currently approved collections of information.

    Closing date for comments: 06/18/2019

    Comments: Submit |  View


  • Agency Information Collection (249 KB PDF)

    CECL and EGRRCPA Reporting Revisions: FFIEC 031, FFIEC 041, FFIEC 051, FFIEC 002, FFIEC 002S, FFIEC 030, FFIEC 030S, FFIEC 101, FFIEC 031 and FFIEC 041 have been sent to OMB for review. They incorporate proposed reporting revisions and extensions revisions resulting from two sections of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA), effective upon enactment on May 24, 2018, that affect the information reported in these reports. In addition, this proposal also includes regulatory capital reporting changes related to implementing the agencies' recent final rule on the implementation and capital transition for the current expected credit losses methodology (CECL).

    Closing date for comments: 03/18/2019

    Comments: Submit |  View


  • Agency Information Collection [ICP-201830]

    See Dodd-Frank Act Proposals


  • Agency Information Collection (229 KB PDF)

    See Dodd-Frank Act Proposals


  • Agency Information Collection

    See Dodd-Frank Act Proposals


  • Agency Information Collection (215 KB PDF)

    See Dodd-Frank Act Proposals


  • Agency Information Collection (204 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: Rules of Procedure; Safety and Soundness; and Securities [R-1510]

    The OCC, Board, and FDIC are conducting a review of the regulations we have issued in order to identify outdated or otherwise unnecessary regulatory requirements imposed on insured depository institutions, as required by the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). EGRPRA requires the Agencies to organize the regulations into categories and publish groups of categories for comment. In this notice, the Agencies are seeking public comment on regulations in the following categories: Rules of Procedure; Safety and Soundness; and Securities.

    Correction: PDF

    Closing date for comments: 03/22/2016

    Comments: Submit |  View


  • EGRPRA: Consumer Protection; Directors, Officers and Employees; and Money Laundering [R-1510]

    The OCC, Board, and FDIC are conducting a review of the regulations we have issued in order to identify outdated or otherwise unnecessary regulatory requirements imposed on insured depository institutions, as required by the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). EGRPRA requires the Agencies to organize the regulations into categories and publish groups of categories for comment. In this notice, the Agencies are seeking public comment on regulations in the following categories: Consumer Protection; Directors, Officers and Employees; and Money Laundering.

    Closing date for comments: 09/3/2015

    Comments: Submit |  View


  • 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

    Comments: Submit |  View


  • 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

    Comments: Submit |  View


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Last update: December 14, 2020