22 May Federal Reserve Reporting Form Updates
May 1-7, 2020
The press release link was posted (18 month extension of the initial compliance dates for certain parts of the Single Counterparty Credit Limits (SCCL) Rule). Under the final rule, the largest foreign banks need to comply with the SCCL rule by July 1, 2021, whereas smaller foreign banks need to comply by January 1, 2022.
Link to Federal Register notice was posted.
FR 2900 (Branches and Agencies/Commercial Banks/Credit Unions)
Updated reporting instructions were posted. (Changes to the definition of Savings Deposits in Glossary per Reg D Interim Final Rules – no reporting impact)
Updated reporting instructions were posted (Changes to the definition of Savings Deposits in Glossary per Reg D Interim Final Rules – no reporting impact)
FR Y-9C (as-of 3/31/2020)
Updated Supplemental Instructions were posted (no reporting impact).
Updated reporting form with updated reporting instructions was posted.
For more information, visit www.federalreserve.gov