Fed Treasury, MBS Reporting


On Jul. 1, Fed extends reporting requirements for treasury, debt, MBS.


  • Fed proposed to extend reporting requirements for treasury securities, agency debt, mortgage backed securities (MBS) for 3 years, revise part 1, part 2 of FR 2956 report.
  • Follows Fed Jan. 2021 proposed collection on treasury securities, see #96101.
  • Data Collection
  • FR 2956 collects detailed data on depository institutions' daily transactions trading of treasury securities (part 1), and Part 2 collects data on agency debt, and MBS.
  • Depository institutions subject to FR 2956 reporting requirements electronically report transactions through FINRA using Trade Reporting and Compliance Engine (TRACE).
  • Board proposes to revise Part 1 of the FR 2956 report by updating the timeframe by which a depository institution must report transactions in US Treasury securities.
  • Also will revise minimum time that must be used for reporting the execution times, for transactions executed electronically, and make technical/clarifying revisions to Part 2.
  • Prime brokers or depository institutions who file Form G-FIN and are FINRA members acting as an executing broker are exempt from the foregoing reporting obligations.
  • Comment Request
  • Comments on proposed data collection must be submitted on or before Aug. 30, 2024.
  • Jul. 1, 2024 Fed Draft Documents Posted
  • On Jul. 1, 2024, Fed posted draft OMB supporting statement and draft instructions.
  • Nov. 2024 Fed Adoption
  • On Nov. 15, 2024, Fed adopted extension for 3 years, with revision, to the Treasury Securities and Agency Debt and Mortgage-Backed Securities Reporting Requirements.
  • The revisions to the reporting requirements are effective Dec. 16, 2024.
  • Nov. 26, 2024 Fed OMB Statement
  • On Nov. 26, 2024, Fed published final OMB supporting statement for FR 2956.
  • Dec. 2024 Fed Instruction Udpate
  • On Dec. 3, 2024, Fed updated description page, updated supplemental instructions.

Regulators Fed
Entity Types B/D; Bank; MG Orig; Thrift
Reference Info, 12/3/2024; PR, 11/26/2024; Info, 11/25/2024; 89 FR 90286, 11/15/2024; Info, 89 FR 54462, 7/1/2024; FR 2956; OMB 7100-0383;
Functions Financial; Reporting; Risk; Trade Reporting; Treasury
Countries United States of America
Category
State
Products Banking; Corporate; Mortgage; Securities
Regions Am
Rule Type Final
Rule Date 7/1/2024
Effective Date 12/16/2024
Rule Id 217916
Linked to Rule :96101
Reg. Last Update 12/3/2024
Report Section US Banking

Last substantive update on 12/05/2024