Federal Reserve Board extends comment period to February 20, 2017, on proposed rule…
December 20, 2016 / Source: FRB
Release Date: December 20, 2016
For release at 3:30 p.m. EST
The Federal Reserve Board on Tuesday extended until February 20, 2017, the comment period for its proposed rule that would strengthen existing requirements and limitations on the physical commodity activities of financial holding companies. The proposal would help reduce the catastrophic, legal, and financial risks that physical commodity activities pose to financial holding companies.
The Board extended the comment period to allow interested persons more time to analyze the issues and prepare their comments. Comments were originally due by December 22, 2016.
For media inquiries, call 202-452-2955.