text: The Board of Governors has concluded that the final rule will have a significant economic impact on a substantial number of small entities , and an initial regulatory flexibility analysis and final regulatory flexibility analysis have been prepared and are included in the notice of proposed rulemaking and the final rule notice , respectively , as required by sections 603 and 604 .
  
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  There are a large number of smaller entities that the final rule will have a serious economic impact on according to the Board of Governors .