Banking and Finance Law Daily Wrap Up, FEDERAL RESERVE SYSTEM—Fed issues final rule to automate member banks’ stock adjustment process, (Jan 11, 2022)

By Charles A. Menke, J.D.

The Fed’s action finalizes an April 2021 proposal aimed at reducing regulatory reporting burdens.

The Federal Reserve Board has issued a final rule to streamline reporting requirements for member banks related to their subscriptions to Federal Reserve Bank capital stock, the agency announced. The final rule takes effe ...