Finance & markets · 05/09/2017

Federal Reserve Extends Notification of Nonfinancial Data Processing Activities Under Delegated Authority

The Federal Reserve System's Board of Governors has approved a three-year extension of its Notification of Nonfinancial Data Processing Activities without revisions. This move aligns with the Office of Management and Budget's (OMB) Paperwork Reduction Act, which grants the Board authority to approve and assign OMB control numbers to its information collection requests. The Board's approved collections are now part of the OMB's official inventory of approved information collections.