30 Apr 2025
💱Federal Reserve Approves Revision to FX Market Activity Survey
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, with revision, the Central Bank Survey of Foreign Exchange and Derivatives Market Activity (FR 3036; OMB No. 7100-0285).
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The text discusses the Central Bank Survey of Foreign Exchange and Derivatives Market Activity, which has business implications for financial institutions regarding compliance with revised reporting requirements. Businesses involved in FX transactions must prepare for changes effective in 2025, which could impact their reporting processes and operations.