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Federal Reserve Begins Census of Commercial Lenders

The Board of Governors of the Federal Reserve System initiated its 2020 Census of Finance Companies and Other Lenders (Census) with the mailing of a letter on October 6 to 26,000 companies requesting their participation.

Undertaken by the Federal Reserve approximately every five years, the Census is intended to help the agency “understand the size and structure of lenders that supply credit or lease financing to US households and businesses.” Among other things, the Census asks for information about assets and liabilities as well as the companies’ sources of funds.

Participation in the survey is voluntary.

The Federal Reserve Board’s press release is available here.

©2022 Katten Muchin Rosenman LLPNational Law Review, Volume X, Number 290
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About this Author

Christina J. Grigorian, Banking legal Specialist, Katten Muchin Law firm
Special Counsel

Christina J. Grigorian counsels clients in all matters related to banks, bank holding companies, and state and foreign-licensed consumer and commercial lenders. Ms. Grigorian provides advice to the firm’s financial institution clients concerning structural and operational issues, including legislative developments impacting such operations, and has worked with companies and individuals in the establishment of de novo entities, including national banks, federal savings banks and state-chartered institutions, as well as state-licensed lenders. She has also counseled clients with respect to...

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