TBMA Submits Comments to the Federal Reserve Bank of New York on Proposed Instructions For Preparing FR 2004 Reports
The Bond Market Association (TBMA)*provides comments to theFederal Reserve Bank of New York (FRBNY) on the draftdeveloped entitled “Instructions For Preparing the FR 2004 Primary Government Securities Dealers Report.”
TBMA and its members believe that these instructions are a welcome addition to the guidance currently provided to the Primary Dealers that voluntarily submit the FR 2004 reports.In addition, TBMAis also strongly supportive of the Bank’s overall efforts to minimize the regulatory burden faced by Primary Dealers in complying with the FR 2004 reporting regime.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.