The OCC, FRB and FDIC requested comment on a set of rules as part of a process to identify "outdated" or "unnecessary" regulatory requirements on insured depository institutions and their holding companies.
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Federal Reserve Board Chair Jerome H. Powell swore in FRB Governor Philip N. Jefferson as Vice Chair, and FRB Governor Lisa D. Cook and Dr. Adriana D. Kugler as Board members.
Federal Reserve Board Vice Chair for Supervision Michael S. Barr touted the "wave of innovation in the payments system" and argued the need for legislative and regulatory action on stablecoins "before significant risks emerge."
Senate Banking Committee Member Thom Tillis (R-NC) joined by Republican committee members requested that the Federal Reserve Board publicly release materials pertaining to its "holistic review" of capital requirements and other supporting documentation ahead of any policy changes.
In an Annual Report to Congress, the Federal Reserve Board reviewed its activities and operations during the 2022 calendar year.