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FRS | RIN: 7100-AE90 | Publication ID: Spring 2018 |
Title: ●Regulation A--Extensions of Credit by Federal Reserve Banks (Docket No: R-1585) | |
Abstract:
The Board of Governors of the Federal Reserve System (Board) is proposing to amend its Regulation A to revise the provisions regarding the establishment of the primary credit rate in a financial emergency, and to delete the provisions relating to the use of credit ratings for collateral for extensions of credit under the former Term Asset-Backed Securities Loan Facility (TALF). The proposed amendments are intended to allow the regulation to address circumstances in which the Federal Open Market Committee has established a target range for the Federal funds rate rather than a single target rate, and to reflect the expiration of the TALF Program. |
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Agency: Federal Reserve System(FRS) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 201 | |
Legal Authority: 12 U.S.C. 248 12 U.S.C. 347 12 U.S.C. 357 12 U.S.C. 374 12 U.S.C. 361 ... |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Sophia Allison Senior Special Counsel Federal Reserve System Legal Division, Washington, DC 20551 Phone:202 452-3565 Lyle Kumasaka Lead Financial Institution Policy Analyst Federal Reserve System Division of Monetary Affairs, Washington, DC 20551 Phone:202 452-2382 |