TFOG : Proposed Rules for FRS (2) and FSOC (1)

Today from Our Government:

2 Proposed Rules at the FRS (Federal Reserve System) and 1 at the FSOC (Financial Services Oversight Committee).

FRS - Proposed Rules open for Comment Impacting 1. "As of Adjustments" and 2. Reserve Requirements of Federal Insured Depository Institutions.

FSOC - Proposed Rule open for Comment on  Authority to Provide Supervision and Regulation of certain Non-Bank Financial Companies.

Proposed Rules is the last interactive phase of Legislation where Public Interaction from interested parties is sought prior to issuing a Final Rule which becomes the Regulatory Requirement.

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10-18-11 FRS Proposed Rule Update Impacting as of Adjustments

10-18-11 FRS Proposed Rule Reserve Requirements

10-18-11 FSOC 2nd Notice of Proposed Rule on Non Bank Fin Co Oversight