Federal Reserve System May 2, 2019 – Federal Register Recent Federal Regulation Documents
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Privacy Act of 1974; System of Records
Pursuant to the provisions of the Privacy Act of 1974, notice is given that the Board of Governors of the Federal Reserve System (Board) proposes to modify an existing system of records, entitled BGFRS-1 ``FRBRecruiting and Placement Records,'' to add the onboarding materials that prospective employees provide the Board before beginning employment at the Board and to clarify that the records also include ethics-related information such as potential conflicts of interest. The modified system of records, BGFRS-1, which will now be called ``FRBRecruiting, Placement, and Onboarding Records,'' is a system of records that is used to identify, track, screen, and select individuals for positions at the Board and for onboarding prospective employees before they begin employment with the Board.
Netting Eligibility for Financial Institutions
The Board of Governors (Board) is seeking comment on a proposal to amend Regulation EE to include certain new entities in the definition of ``financial institution'' contained in section 402 of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) so that they will be covered by FDICIA's netting provisions. The proposal would also clarify how the existing activities-based test in Regulation EE applies following a consolidation of legal entities.
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