Finance & markets · 23/01/2018

Federal Reserve Board Adopts Proposal to Extend Mandatory Reports for Three Years

The Federal Reserve Board of Governors has approved a proposal to extend for three years mandatory reports from U.S. nonbank subsidiaries of U.S. holding companies and foreign subsidiaries of U.S. banking organizations. The reports, which include financial statements and abbreviated statements, will be submitted to the Office of Management and Budget (OMB) for review.