Board of Governors of the Federal Reserve System

The Board has adopted final amendments to its Regulation A to reflect the Board’s approval of a decrease in the rate for primary credit at each Federal Reserve Bank. More... The secondary credit rate at each Reserve Bank automatically decreased by formula as a result of the Board’s primary credit rate action. The final rule is effective November 14, 2025 (Regulation A, Docket R-1874), the same day it was published in the Federal Register. The rate changes for primary and secondary credit were applicable on October 30, 2025.

The Board is amending Regulation D (Reserve Requirements of Depository Institutions) to revise the rate of interest paid on balances (IORB) maintained at Federal Reserve Banks by or on behalf of eligible institutions. More... The final amendments specify that IORB is 3.90 percent, a 0.25 percentage point decrease from its prior level. The amendment is intended to enhance the role of IORB in maintaining the federal funds rate in the target range established by the Federal Open Market Committee. The final rule is effective November 14, 2025 (Regulation D, Docket R-1875), the same day it was published in the Federal Register. The IORB rate change was applicable on October 30, 2025.

The Board periodically issues Supervision and Regulation (SR) letters announcing that certain previously issued guidance has become inactive or has been superseded.

FinCEN issued a final rule to prohibit covered U.S. financial institutions from opening or maintaining a correspondent account for, or on behalf of, Huione Group, a foreign financial institution based in Cambodia found to be of primary money laundering concern pursuant to section 311 of the USA PATRIOT Act. More... The rule further requires covered financial institutions to apply special due diligence to their foreign correspondent accounts that is reasonably designed to guard against the use of such accounts to process transactions involving Huione Group. The final rule is effective November 17, 2025 (Department of the Treasury, Financial Crimes Enforcement Network) and was published in the Federal Register on October 16, 2025.

FinCEN issued a final rule to require certain persons involved in real estate closings and settlements to submit reports and keep records on certain non-financed transfers of residential real property to specified legal entities and trusts on a nationwide basis. More... Transfers made directly to an individual are not covered by this rule. This rule describes the circumstances in which a report must be filed, who must file a report, what information must be provided, and when a report is due. These reports are expected to assist the U.S. Department of the Treasury, law enforcement, and national security agencies in addressing illicit finance vulnerabilities in the U.S. residential real estate sector, and to curtail the ability of illicit actors to anonymously launder illicit proceeds through transfers of residential real property, which threatens U.S. economic and national security. The final rule is effective December 1, 2025 (Department of the Treasury, Financial Crimes Enforcement Network) and was published in the Federal Register on August 29, 2024.

The Consumer Financial Protection Bureau (CFPB) finalized its June 18, 2025, interim final rule amending Regulation B to extend the compliance dates set forth in its 2023 small business lending rule, as amended by a 2024 interim final rule, and to make other date-related conforming adjustments. More... The final rule is effective December 1, 2025 (Consumer Financial Protection Bureau, Regulation B, Docket CFPB-2025-0017) and was published in the Federal Register on October 2, 2025.

The CFPB’s final rule “Overdraft Lending: Very Large Financial Institutions,” 89 Fed. Reg. 106,768 (December 30, 2024) was overturned by Congress using the Congressional Review Act through the passage of S.J. Res. 18, which the President signed into law (Pub. L. No. 119-10, 139 Stat. 53 (2025)). More... Therefore, amendments to CFPB’s Regulation E and Regulation Z made pursuant to the rule are withdrawn.