Me neither.  But, I think it is similar to my response to your other comment on my other Fed post, except this one gives smaller firms a break in the timing of their reporting requirements, relaxing to a 3 year interval instead a a two year interval for the big guys.  Again, the rationale is smaller firms pose less risk to the failure of the system. I post this because I think it is important to keep eyes on what the Federal Reserve is reporting for themselves.  I'm looking for TRUTH in their activities related to our economy, as they report it. I note that several press releases they make deal with actions they are taking related to risk.