Comments Requested for Proposed Subpart A of Regulation S

The Board of Governors of the Federal Reserve System (Board) is proposing amendments to Subpart A of Regulation S, which implements the requirement under the Right to Financial Privacy Act (RFPA) that the Board establish the rates and conditions under which payment shall be made by a government authority to a financial institution for assembling or providing financial records pursuant to RFPA.  These proposed amendments update the fees to be charged and takes account of recent advances in electronic document productions.

Comments must be submitted on or before September 29, 2008.

To read the Press Release from the Board of Governors of the Federal Reserve System, visit http://www.federalreserve.gov/newsevents/press/other/other20080813a1.pdf

 

Financial Institutions Security and Compliance REPA Reg S FRB