Federal Reserve System publishes proposed rule on May 30

The US Federal Reserve System published a four page proposed rule on May 30, according to the U.S. Government Publishing Office.

The proposed rule is focused on International Banking Operations.

The Federal Reserve is the US's central bank, expanding many times during great financial uncertainty and panic. It has 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.

Notices published by the Federal Reserve System on May 30

Title
International Banking Operations
Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies
Notice of Proposals to Engage in Permissible Nonbanking Activities or to Acquire Companies that are Engaged in Permissible Nonbanking Activities
Federal Reserve Bank Services; Imputed Investment Income on Clearing Balances