13 Jan 2025
📊Federal Reserve Payments Study Approved for Three-Year Extension
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 Federal Reserve Payments Study (FR 3066; OMB No. 7100-0351).
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The text discusses the Federal Reserve Payments Study (FRPS) which collects essential payment data impacting financial institutions and businesses. This information helps organizations understand payment trends, vital for strategic planning and compliance with payment regulations.