Press Release

October 21, 2016 Federal Reserve Board announces plans to enter negotiations with FINRA to potentially act as collection agent of U.S. Treasury securities secondary market transactions data For release at 3:30 p.m. EDT Share The Federal Reserve Board announced Friday that it plans to collect data from banks for secondary market transactions in U.S. Treasury securities and will enter into negotiations with the Financial Industry Regulatory Authority (FINRA) to potentially act as the Board's collection agent for the data. The Board will seek public comment on its proposal. The Board's data collection would complement the work of the Securities and Exchange Commission, which recently approved a rule change by FINRA to require its broker-dealer members to report secondary market transactions in U.S. Treasury securities. "The collection of this data would allow the U.S. official sector a more complete view of Treasury securities trading in the secondary market," said Federal Reserve Governor Jerome Powell. "Enhanced data collection was a key recommendation by the Inter Agency Working Group's Joint Staff Report on the market events of October 15, 2014." For media inquiries, call 202-452-2955.

Federal Reserve (2016, October 20). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20161021_federal_reserve_board_announces_plans_to_enter

@misc{wtfs_press_release_20161021_federal_reserve_board_announces_plans_to_enter,
  author = {Federal Reserve},
  title = {Press Release},
  year = {2016},
  month = {Oct},
  howpublished = {Press Releases, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/press_release_20161021_federal_reserve_board_announces_plans_to_enter},
  note = {Retrieved via When the Fed Speaks corpus}
}