27 Mar 2025
📄Proposed Agency Information Collection on Asset Disposal Compliance
Proposed Agency Information Collection Activities; Comment Request
Summary
The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, without revision, the Request for Extension of Time to Dispose of Assets Acquired in Satisfaction of Debts Previously Contracted (FR 4006; OMB No. 7100-0129).
Agencies
- Federal Reserve System
Business Impact
$$$ - High
The document details a proposed information collection activity related to bank holding companies (BHCs) managing assets acquired through debt satisfaction. This has significant implications for BHCs as they must comply with the regulatory requirements to obtain extensions on asset retention, impacting their financial strategies and operations.