Proposed rule published by Federal Reserve System on Feb. 12

The US Federal Reserve System published a one page proposed rule on Feb. 12, according to the U.S. Government Publishing Office.

The proposed rule is focused on Reserve Requirements of Depository Institutions; Issue and Cancellation of Federal Reserve Bank Capital Stock.

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 Feb. 12