The most recent notice, Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities, was submitted on Dec. 30, 2020.
The Federal Reserve System published 355 the year before, marking a 26.5 percent decrease.
The most notices were published in October with 35, while May saw the fewest notices published with 11.
The Federal Reserve is the US's central bank, expanding many times during great financial uncertainty and panic. It as faced numerous criticisms since its creation in 1913, such as making the Great Depression worse and for lacking transparency and audits.
Notices are required documents detailing rules and regulations being proposed by each federal department. This allows the public to see what issues legislators and federal departments are focusing on.
Any person or organization can comment on the proposed rules. Departments and agencies must then address “significant issues raised in comments and discuss any changes made,” the Federal Register says.
