Statutory and technical amendments have been made to the Bretton Woods Agreements Act by the following:

Statutory and technical amendments have been made to the Privacy Act by the following:

On December 27, 2024, the Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency issued an Extension of the Revised Statement Regarding Status of Certain Investment Funds and Their Portfolio Investments for Purposes of Regulation O and Reporting Requirements under Part 363 of FDIC Regulations. More... This statement extends the expiration of the no-action position provided in the revised statement that was issued on December 15, 2023, and that expired on January 1, 2025. The federal banking agencies will continue to exercise discretion to not take enforcement action against banks or asset managers that become principal shareholders of banks with respect to certain extensions of credit by banks that otherwise would violate Regulation O. The agencies are extending this temporary relief while the Board, in consultation with the other federal banking agencies, considers whether to amend Regulation O. The interagency statement also sets forth the eligibility criteria for this relief (Regulation O).

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a final rule to reflect inflation adjustments to its civil monetary penalties as mandated by the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended. More... This rule adjusts certain maximum civil monetary penalties within the jurisdiction of FinCEN to the amounts required by that act. The final rule is effective January 17, 2025 (Department of the Treasury, Financial Crimes Enforcement Network), the same day it was published in the Federal Register.

Pursuant to the provisions of the Privacy Act of 1974, notice was given that the Board proposes to modify existing system of records, BGFRS–4 “FRB—General Personnel Records.” This system of records contains personnel records and is designed to assist the Board in its personnel management and decisions and in the administration of its benefits programs. More... The modified system of records is effective February 24, 2025, 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 January 24, 2025.

Pursuant to the provisions of the Privacy Act of 1974, notice was given that the Board proposes to modify existing system of records, BGFRS/OIG–1 “FRB—OIG Investigative Records.” This system of records contains investigative records collected and maintained by the Office of Inspector General (OIG) in support of its inquiries, investigations, and reports relating to the programs and operations of the Board and the Consumer Financial Protection Bureau and to manage its investigations. More... The modified system of records is effective February 24, 2025, 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 January 24, 2025.

Pursuant to the provisions of the Privacy Act of 1974, notice was given that the Board proposes to modify existing system of records, BGFRS/OIG–2 “FRB—OIG Personnel Records.” This system of records contains personnel records collected and maintained to assist the OIG in making determinations regarding hiring, retention, promotion, performance evaluations, recognition, and training of OIG personnel. More... These records are also used to respond to ethics inquiries and provide advice. The modified system of records is effective February 24, 2025, 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 January 24, 2025.