28 Apr 2025
📊Federal Reserve Announces Reporting Extension for Financial Institutions
Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
Summary
The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Report of Institution-to-Aggregate Granular Data on Assets and Liabilities on an Immediate Counterparty Basis (FR 2510; OMB No. 7100- 0376).
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The document pertains to the extension of a reporting requirement (FR 2510) for large banking organizations, mandating compliance with granular data collection on assets, liabilities, and exposures. This has significant implications for reporting and regulatory compliance, affecting financial institutions that must adhere to these standards.