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Large Position Reporting (LPR)

Announcement for large position reports

Date of announcement: July 11, 2023

Who must report: Entities whose positions in the Treasury Bill of June 8, 2023 (CUSIP 912796ZP7) equaled or exceeded $10.2 billion as of Friday, April 28, 2023 or Friday, May 5, 2023.

Deadline for reporting: Monday, July 17, 2023, 12:00 PM (ET)

Security Description: Treasury Bill of June 8, 2023 Treasury Bill of June 8, 2023
Original Issue Date: December 8, 2022 December 8, 2022
CUSIP Number: 912796ZP7 912796ZP7
Maturity Date: June 8, 2023 June 8, 2023
Reporting Dates: Friday, April 28, 2023 Friday, May 5, 2023
Reporting Threshold: $10.2 Billion (Par Value) $10.2 Billion (Par Value)
Date Report Is Due: July 17, 2023, before 12:00 P.M. (ET) July 17, 2023, before 12:00 P.M. (ET)

See the announcement for details of the requirement.

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 observe 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

17 CFR Part 420

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.