Federal Register #Docket No. OP-1879

Federal Reserve System Notice: Aggregate Financial Sector Liabilities for Regulatory Compliance

This notice from the Federal Reserve System provides an update on aggregate financial sector liabilities as required by Regulation XX (implementing section 622 of the Dodd-Frank Act). - No procurement of goods or services is being requested - No OEMs, vendors, or product manufacturers are mentioned - The notice reports aggregate financial sector liabilities as $23,847,731,488,000 - Details the calculation methodology, referencing risk-based capital rules and financial statements (FR Y9C, Call Report, FR Y9SP, FR XX1, FR Y7Q) - The information is intended for regulatory compliance regarding mergers and acquisitions in the financial sector - No products, part numbers, or quantities are listed - No unique technical or business requirements beyond regulatory compliance are specified

Description

This notice announces the aggregate financial sector liabilities as per the Federal Reserve System's Regulation XX. It details the prohibition on mergers or acquisitions that would result in a financial company controlling more than 10 percent of the aggregate consolidated liabilities of all financial companies. The aggregate financial sector liabilities amount to $23,847,731,488,000, effective from July 1, 2026 through June 30, 2027. The notice also explains the methodology used to calculate these liabilities and provides contact information for further inquiries.

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