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Large Position Reporting (LPR)

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Treasury Calls for Large Position Reports

On July 15, 2021, Treasury issued a call for Large Position Reports from those entities whose positions in the 0-7/8%% Treasury Notes of November 2030 equaled or exceeded $4.1 billion as of Monday, November 16, 2020 or Monday, December 14, 2020. View the Public Announcement.

Resources

LPR Rules

  • Large Position Reporting Rules
    Treasury's large position reporting rules (17 CFR Part 420) provide an on-demand reporting system that requires large position reports to be filed by entities that control a position in a particular Treasury security (or securities) equaling or exceeding the specified large position thresholds.

    Such information allows Treasury to 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 a reporting entity's position is large enough to be subject to Treasury's large position reporting rules.
  • Technical Amendments for Filing Reports
    On October 18, 2018, Treasury published a final rule amending its large position reporting rules to provide Treasury 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, Treasury published a final rule amending its large position reporting rules to improve the information reported so that Treasury 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 Treasury's legacy large position reporting rules.