27 Mar 2025
🏦Federal Reserve Proposed Information Collection on Bank Security
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 Written Security Program for State Member Banks (FR 4004; OMB No. 7100-0112).
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The proposed information collection impacts compliance requirements for state member banks regarding their Written Security Program, which has implications for business security and operational standards. Banks must adhere to regulations to deter crimes and protect assets, influencing financial stability.