Fed Proposes Revised Data Collection for Money Market Instruments
The Federal Reserve Board on Tuesday proposed new data collection requirements related to selected money market instruments. To assist the Federal Reserve in monitoring money market conditions, the proposal would require insured depository institutions with total assets of $26 billion or more, and U.S. branches and agencies of foreign banks with third party assets of $900 million or more, to report daily to the Federal Reserve on their federal funds transactions, Eurodollar transactions, and certificates of deposit.
Comments to the Board on the proposal will be due 60 days after it is published in the Federal Register, which is expected shortly. The Federal Register notice is attached.
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