BN Business News
Add your company to Business Communicator →

Finance & markets · 24/08/1995Updated: 10/18/2026 · 1 min read

Federal Reserve Delays Effective Date of Recordkeeping Rule for Financial Institutions

The Federal Reserve has delayed the effective date of a new rule requiring financial institutions to maintain enhanced records for certain funds transfers and international transactions until April 1, 1996, due to uncertainty among institutions about their responsibilities under the rule.

Original source language: Federal Register — Federal ReserveOpen original release →

Explore insights

Business insights →