Federal Reserve System publishes proposed rule on July 23

The US Federal Reserve System published a six page proposed rule on July 23, according to the U.S. Government Publishing Office.

The proposed rule is focused on Amendments to the Capital Plan and Stress Test Rules.

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 July 23

Title
Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
Proposed Agency Information Collection Activities; Comment Request
Amendments to the Capital Plan and Stress Test Rules