Large Position Reporting (LPR)
Announcement for large position reports
Date of announcement: July 9, 2024
Who must report: Entities whose positions in the 4-3/4% Treasury Bonds of November 2043 (CUSIP 912810TW8) equaled or exceeded $1.6 billion as of Tuesday, December 19, 2023, or Friday, December 29, 2023.
Deadline for reporting: Monday, July 15, 2024, 12:00 PM (ET)
| Security Description: | 4-3/4% Treasury Bonds of November 2043 | 4-3/4% Treasury Bonds of November 2043 |
|---|---|---|
| CUSIP Number: | 912810TW8 | 912810TW8 |
| CUSIP Number of STRIPS Principal Component: | 912803GX5 | 912803GX5 |
| Maturity Date: | November 15, 2043 | November 15, 2043 |
| Reporting Dates: | Tuesday, December 19, 2023 | Friday, December 29, 2023 |
| Reporting Threshold: | $1.6 Billion (Par Value) | $1.6 Billion (Par Value) |
| Date Report Is Due: | July 15, 2024, before 12:00 P.M. (ET) | July 15, 2024, before 12:00 P.M. (ET) |
A brief explanation of LPR
Treasury's large position reporting rules (17 CFR Part 420) provide an on-demand reporting system that requires entities controlling a position in a particular Treasury security (or securities) equaling or exceeding a specified threshold to submit a large position report.
This lets Treasury monitor the impact of concentrations of positions in the Treasury securities market.
Treasury does not believe that large positions are inherently problematic, and there is no presumption of manipulative or illegal intent merely because an entity's position is large enough to subject it to Treasury's large position reporting regulations.
LPR rules and amendments
Large position reporting rules
Technical amendment for filing reports (November 2018)
On October 18, 2018, we published a final rule amending Treasury’s large position reporting rules to provide us with additional flexibility as to where and how large position reports are to be filed (83 FR 52767). The rule became effective on November 17, 2018.
Final rule
On December 10, 2014, we published a final rule amending Treasury’s large position reporting rules to improve the information reported so that we can better understand supply and demand dynamics in certain Treasury securities (79 FR 73408). The rule became effective on March 10, 2015.
On June 10, 2014, Treasury issued a proposed rule to solicit public comment on proposed amendments to Treasury's rules for reporting large positions in certain Treasury securities (79 FR 33145). The comment period closed on August 9, 2014. View comment letters.
Note: The final rule amendments issued on December 10, 2014 supersede earlier rules for large position reporting.