Pursuant to the provisions of the Privacy Act of 1974, notice was given that the Board proposes to modify existing system of records, BGFRS–7 “FRB—Payroll and Leave Records.” This system of records includes records of pay statements, tax forms, leave entries for worker’s compensation data, and leave data, including codes indicating reasons for taking leave (e.g., family illness, military leave). More... The modified system of records is effective October 11, 2023, without further notice, unless comments dictate otherwise (Rules Regarding Access to Personal Information under the Privacy Act of 1974, Systems of Records of the Federal Reserve System). The modified system of records was published in the Federal Register on September 11, 2023.

Pursuant to the provisions of the Privacy Act of 1974, notice was given that the Board proposes to modify existing system of records, BGFRS–24 “FRB—EEO General Files.” More... This system of records includes self-identification reports of current and former employees regarding race, national origin, sex, and disability and identification by Board staff regarding the race, national origin, and sex for those current and former employees who decline to voluntarily provide the information. The modified system of records is effective October 16, 2023, without further notice, unless comments dictate otherwise (Rules Regarding Access to Personal Information under the Privacy Act of 1974, Systems of Records of the Federal Reserve System). The modified system of records was published in the Federal Register on September 14, 2023.

Pursuant to the provisions of the Privacy Act of 1974, notice was given that the Board proposes to modify existing system of records, BGFRS–26 “FRB—Employee Relations Records.” More... This system of records includes written communications and related documents involved in adjusting work-related problems, including records such as interpersonal and organizational conflicts and related documentation. The modified system of records is effective October 11, 2023, without further notice, unless comments dictate otherwise (Rules Regarding Access to Personal Information under the Privacy Act of 1974, Systems of Records of the Federal Reserve System). The modified system of records was published in the Federal Register on September 11, 2023.

Pursuant to the provisions of the Privacy Act of 1974, notice was given that the Board proposes to modify existing system of records, BGFRS–29 “FRB—Benefits Records.” More... This system of records contains records necessary to administer and maintain the Board’s benefits programs and to assist in personnel management. The modified system of records is effective October 11, 2023, without further notice, unless comments dictate otherwise (Rules Regarding Access to Personal Information under the Privacy Act of 1974, Systems of Records of the Federal Reserve System). The modified system of records was published in the Federal Register on September 11, 2023.

The Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) are inviting public comment on a notice of proposed rulemaking that would substantially revise the capital requirements applicable to large banking organizations and to banking organizations with significant trading activity. More... The revisions set forth in the proposal would improve the calculation of risk-based capital requirements to better reflect the risks of these banking organizations’ exposures, reduce the complexity of the framework, enhance the consistency of requirements across these banking organizations, and facilitate more effective supervisory and market assessments of capital adequacy. The revisions would include replacing current requirements that include the use of banking organizations’ internal models for credit risk and operational risk with standardized approaches and replacing the current market risk and credit valuation adjustment risk requirements with revised approaches. The proposed revisions would be generally consistent with recent changes to international capital standards issued by the Basel Committee on Banking Supervision. The proposal would not amend the capital requirements applicable to smaller, less complex banking organizations. Comments on this notice of proposed rulemaking must be received by November 30, 2023 (Docket R–1813).

The Board, the FDIC, and the OCC are issuing a proposed rule for comment that would require certain large depository institution holding companies, U.S. intermediate holding companies of foreign banking organizations, and certain insured depository institutions to issue and maintain outstanding a minimum amount of long-term debt. More... The proposed rule would improve the resolvability of these banking organizations in case of failure, may reduce costs to the Deposit Insurance Fund, and mitigate financial stability and contagion risks by reducing the risk of loss to uninsured depositors. Comments on this notice of proposed rulemaking must be received by November 30, 2023 (Docket R–1815).