This site displays a prototype of a “Web 2.0” version of the daily Federal Register. It is not an official legal edition of the Federal Register, and does not replace the official print version or the official electronic version on GPO’s govinfo.gov.
The documents posted on this site are XML renditions of published Federal Register documents. Each document posted on the site includes a link to the corresponding official PDF file on govinfo.gov. This prototype edition of the daily Federal Register on FederalRegister.gov will remain an unofficial informational resource until the Administrative Committee of the Federal Register (ACFR) issues a regulation granting it official legal status. For complete information about, and access to, our official publications and services, go to About the Federal Register on NARA's archives.gov.
The OFR/GPO partnership is committed to presenting accurate and reliable regulatory information on FederalRegister.gov with the objective of establishing the XML-based Federal Register as an ACFR-sanctioned publication in the future. While every effort has been made to ensure that the material on FederalRegister.gov is accurately displayed, consistent with the official SGML-based PDF version on govinfo.gov, those relying on it for legal research should verify their results against an official edition of the Federal Register. Until the ACFR grants it official status, the XML rendition of the daily Federal Register on FederalRegister.gov does not provide legal notice to the public or judicial notice to the courts.
Board of Governors of the Federal Reserve System (Board).
Final rule; correcting amendments.
The Board is revising its Rules Regarding Delegation of Authority to add delegations previously approved by the Board and to make certain technical corrections.
Effective March 5, 2026.
Amory Goldberg, Senior Counsel, (202) 469-1015, Legal Division, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551. For users of TTY-TRS, please call 711 from any telephone, anywhere in the United States.
Section 11(k) of the Federal Reserve Act authorizes the Board to delegate, by published order or rule and subject to the Administrative Procedure Act, any of its functions, other than those related to rulemaking or pertaining principally to monetary and credit policies, to one or more administrative law judges, members or staff of the Board, or the Reserve Banks.[1] The Board has delegated authority to Board members (in their individual capacity and as chairs of committees of the Board), Board staff, and the Federal Reserve Banks to take certain actions under the various statutes that the Board administers. The Board's Rules Regarding Delegation of Authority (delegation rules) implement section 11(k) of the Federal Reserve Act and enumerate the actions that the Board has determined to delegate. By delegating actions that do not raise significant legal, supervisory, or policy issues, the Board can respond more efficiently to applications, requests, and other matters.
The Board published a final rule in 2022 that comprehensively revised the delegation rules.[2] The Board is amending the delegation rules to publish two delegations of authority approved by the Board, and to make certain technical corrections.
These amendments relate solely to the agency's organization, procedure, or practice. Accordingly, the provisions of the Administrative Procedure Act (APA) regarding notice of proposed rulemaking and opportunity for public participation are not applicable.[3]
Because no notice of proposed rulemaking is required to be issued, or has been issued, in connection with this rule, it is not a “rule” for purposes of the Regulatory Flexibility Act, and that act, therefore, does not apply.[4]
In accordance with the Paperwork Reduction Act of 1995 (PRA),[5] the Board may not conduct or sponsor, and a respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget control number. The amendments do not contain any collections of information as defined in the PRA.
Section 722 of the Gramm-Leach-Bliley Act [6] requires the Federal banking agencies to use plain language in all proposed and final rules published after January 1, 2000. The Board has sought to present this rule in a simple and straightforward manner.
As a rule of internal agency organization, the final rule is not a “substantive rule” for the purposes of the APA; as such, the act does not require the Board to delay the effective date of the rule.[7] Accordingly, the amendments are effective March 5, 2026.
For the reasons stated in the preamble the Board of Governors of the Federal Reserve System corrects 12 CFR part 265 by making the following correcting amendments:
1. The authority citation for part 265 continues to read as follows:
2. In § 265.4, remove and reserve paragraph (d)(2).
3. In § 265.5, in paragraph (a)(2)(i), remove “Board's approval authority,” and add in its place “Board's approval, authorization,”
4. In § 265.6, add paragraph (l) to read as follows:
(l) Section 106 of the Bank Holding Company Act Amendments of 1970. To grant exceptions to the anti-tying provisions of section 106 of the Bank Holding Company Act Amendments of 1970 (12 U.S.C. 1972) to allow a bank holding company's credit card subsidiary to offer a credit card secured by deposits at an affiliate and similar credit card programs.
5. In § 265.7, in paragraph (d)(7)(ii)(B)( 3), remove “(252.146 and 252.158);” and add in its place “(12 CFR 252.146 and 252.158);”
6. In § 265.11, add paragraph (c) to read as follows:
(c) Regulation HH. After consulting with interested division directors, to ( printed page 10746) establish the process for receiving notifications described in section 234.3(a)(17)(vi)(A) of the Board's Regulation HH (12 CFR 234.3(a)(17)(vi)(A)) and to provide notice of this process to affected firms.
By order of the Board of Governors of the Federal Reserve System, acting through the Secretary of the Board under delegated authority.
Benjamin W. McDonough,
Deputy Secretary of the Board.
2. Rules Regarding Delegation of Authority, 87 FR 53988 (September 1, 2022).
Back to Citation5. 44 U.S.C. 3501 et seq.
Back to Citation7. See 5 U.S.C. 553(d).
Back to Citation[FR Doc. 2026-04373 Filed 3-4-26; 8:45 am]
BILLING CODE 6210-01-P