81_FR_15663 81 FR 15607 - Notice Seeking Public Comment on the Evolution of the Treasury Market Structure

81 FR 15607 - Notice Seeking Public Comment on the Evolution of the Treasury Market Structure

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 56 (March 23, 2016)

Page Range15607-15608
FR Document2016-06641

On January 22, 2016, the Department of the Treasury (Treasury) published in the Federal Register a request for information (RFI) on the Evolution of the Treasury Market Structure. The RFI seeks comments on structural changes in the U.S. Treasury market and their implications for market functioning; trading and risk management practices across the U.S. Treasury market; considerations with respect to more comprehensive official sector access to Treasury market data; and benefits and risks of increased public disclosure of Treasury market activity. Treasury is extending the comment period until April 22, 2016 to provide additional opportunity to comment.

Federal Register, Volume 81 Issue 56 (Wednesday, March 23, 2016) 
[Federal Register Volume 81, Number 56 (Wednesday, March 23, 2016)]
[Notices]
[Pages 15607-15608]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-06641]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

[Docket No: TREAS-DO-2015-0013]


Notice Seeking Public Comment on the Evolution of the Treasury 
Market Structure

AGENCY: Office of the Under Secretary for Domestic Finance, Department 
of the Treasury.

ACTION: Request for information; extension of comment period.

-----------------------------------------------------------------------

SUMMARY: On January 22, 2016, the Department of the Treasury (Treasury) 
published in the Federal Register a request for information (RFI) on 
the Evolution of the Treasury Market Structure. The RFI seeks comments 
on structural changes in the U.S. Treasury market and their 
implications for market functioning; trading and risk management 
practices across the U.S. Treasury market; considerations with respect 
to more comprehensive official sector access to Treasury market data; 
and benefits and risks of increased public disclosure of Treasury 
market activity. Treasury is extending the comment period until April 
22, 2016 to provide additional opportunity to comment.

DATES: The comment period for the notice published on January 22, 2016, 
(81 FR 3928) is extended. Comments must be received no later than April 
22, 2016.

ADDRESSES: Comments may be submitted through the Federal eRulemaking 
Portal (www.regulations.gov). Please follow the instructions for 
submitting comments through the Web site. You may download this 
proposed rule from www.regulations.gov or www.treasurydirect.gov. 
Please submit your comments, along with your full name and mailing 
address. We will not accept comments by fax or email. All comments will 
be posted to www.regulations.gov and on the TreasuryDirect Web site at 
www.treasurydirect.gov.

[[Page 15608]]

    Additional Instructions: In general, comments received, including 
attachments and other supporting materials, are part of the public 
record and are available to the public. Do not include any information 
in your comment or supporting materials that you consider confidential 
or inappropriate for public disclosure.

FOR FURTHER INFORMATION CONTACT: For general inquiries, submission 
process questions or any additional information, please email 
TreasuryMarket [email protected] or call (202) 622-2396. If you use a 
telecommunications device for the deaf (TDD) or a text telephone (TTY), 
call the Federal Relay Service (FRS), toll free, at 1-800-877-8339. All 
responses to this Notice and Request for Information should be 
submitted via www.regulations.gov to ensure consideration.

SUPPLEMENTARY INFORMATION: On January 22, 2016, Treasury published in 
the Federal Register a request for information on the Evolution of the 
Treasury Market Structure.\1\ The RFI seeks public comment on several 
specific questions that will inform the ongoing work related to the 
next steps identified in the Joint Staff Report: The U.S. Treasury 
Market on October 15, 2014. The RFI is intended, in part, to seek 
information and viewpoints from a diverse group of stakeholders, 
including the general public, buy and sell-side market participants, 
academics, and industry groups regarding these and other structural 
changes in the Treasury market, and their implications for the depth, 
liquidity, and functioning of the market. The RFI is also intended to 
develop a holistic view of trading and risk management practices across 
U.S. Treasury futures and cash markets--including the various trading 
venues and modes of execution present in the cash market--and it seeks 
input on potential improvements in Treasury market policies, practices, 
and conduct.
---------------------------------------------------------------------------

    \1\ 81 FR 3928 (January 22, 2016), https://www.federalregister.gov/articles/2016/01/22/2016-01246/evolution-of-the-treasury-market-structure-request-for-comments.
---------------------------------------------------------------------------

    Given the market evolution, access to timely and comprehensive data 
across related markets is increasingly important to fully assess new 
developments, and analyze market events. Accordingly, we are interested 
in the most efficient and effective ways for the official sector to 
obtain additional market data and in ways to more effectively monitor 
diverse but related markets. Finally, we are interested in the 
potential benefits and costs of additional transparency with respect to 
Treasury market trading activity and trading venue policies and 
practices.

James G. Clark,
Deputy Assistant Secretary for Federal Finance.
[FR Doc. 2016-06641 Filed 3-22-16; 8:45 am]
 BILLING CODE 4810-AS-P

Federal Register / Vol. 81, No. 56 / Wednesday, March 23, 2016 / Notices 15607 DEPARTMENT OF THE TREASURY 2. KIM, Song Chol (a.k.a. KIM, Hak Entities Song); DOB 26 Mar 1968; alt. DOB 15 1. NATIONAL DEFENSE Office of Foreign Assets Control Oct 1970; nationality Korea, North; COMMISSION, Pyongyang, Korea, Passport 654120219 (Korea, North) North [DPRK2]. Sanctions Actions Pursuant to expires 24 Feb 2019; alt. Passport 2. WORKERS’ PARTY OF KOREA Executive Orders 13382 and 13687 381420565 (Korea, North) expires 23 CENTRAL MILITARY COMMISSION, AGENCY: Office of Foreign Assets Nov 2016 (individual) [NPWMD] Pyongyang, Korea, North [DPRK2]. Control, Treasury. (Linked To: KOREA MINING Dated: March 2, 2016. ACTION: Notice. DEVELOPMENT TRADING John E. Smith, CORPORATION). Acting Director, Office of Foreign Assets SUMMARY: The Treasury Department’s 3. SON, Jong Hyok (a.k.a. SON, Min), Control. Office of Foreign Assets Control (OFAC) Egypt; DOB 20 May 1980; nationality [FR Doc. 2016–06494 Filed 3–22–16; 8:45 am] is publishing the names of three Korea, North (individual) [NPWMD] BILLING CODE 4810–AL–P individuals whose property and (Linked To: KOREA MINING interests in property are blocked DEVELOPMENT TRADING pursuant to Executive Order (E.O.) CORPORATION). DEPARTMENT OF THE TREASURY 13382, ‘‘Blocking Property of Weapons of Mass Destruction Proliferators and In addition, on March 2, 2016, OFAC [Docket No: TREAS–DO–2015–0013] Their Supporters;’’ and seven blocked the property and interests in individuals and two entities whose property of the following seven Notice Seeking Public Comment on the property and interests in property are individuals and two entities pursuant to Evolution of the Treasury Market blocked pursuant to E.O. 13687, E.O. 13687, ‘‘Imposing Additional Structure ‘‘Imposing Additional Sanctions With Sanctions With Respect To North AGENCY: Office of the Under Secretary Respect To North Korea.’’ Korea’’: for Domestic Finance, Department of the DATES: OFAC’s actions described in this Individuals Treasury. notice were effective on March 2, 2016, ACTION: Request for information; as further specified below. 1. RI, Man Gon, Korea, North; DOB extension of comment period. FOR FURTHER INFORMATION CONTACT: 1945 (individual) [DPRK2]. 2. YU, Chol U, Korea, North; DOB 08 SUMMARY: On January 22, 2016, the Associate Director for Global Targeting, Aug 1959; Director, National Aerospace Department of the Treasury (Treasury) tel.: 202–/622–2420, Associate Director Development Administration published in the Federal Register a for Sanctions Policy and (individual) [DPRK2] (Linked To: request for information (RFI) on the Implementation, tel.: 202/622–2480, Evolution of the Treasury Market Office of Foreign Assets Control, or NATIONAL AEROSPACE Structure. The RFI seeks comments on Chief Counsel (Foreign Assets Control), DEVELOPMENT ADMINISTRATION). structural changes in the U.S. Treasury tel.: 202/622–2410, Office of the General 3. HWANG, Pyong So (a.k.a. HWANG, market and their implications for market Counsel, Department of the Treasury Pyo’ng-so’), Korea, North; DOB 1940; functioning; trading and risk (not toll free numbers). Vice Chairman of the National Defense management practices across the U.S. SUPPLEMENTARY INFORMATION: Commission (individual) [DPRK2] Treasury market; considerations with (Linked To: NATIONAL DEFENSE respect to more comprehensive official Electronic and Facsimile Availability COMMISSION). sector access to Treasury market data; The Specially Designated Nationals 4. O, Kuk Ryol (a.k.a. O, Ku’k-ryo’l), and benefits and risks of increased and Blocked Persons List and additional Korea, North; DOB 07 Jan 1930; POB public disclosure of Treasury market information concerning OFAC sanctions Onso’ng County, North Hambuk activity. Treasury is extending the programs are available on OFAC’s Web Province, Democratic People’s Republic comment period until April 22, 2016 to site (www.treasury.gov/ofac). Certain of Korea; Vice Chairman of the National provide additional opportunity to general information pertaining to Defense Commission (individual) comment. OFAC’s sanctions programs is also [NPWMD] [DPRK2] (Linked To: available via facsimile through a 24- DATES: The comment period for the NATIONAL DEFENSE COMMISSION). notice published on January 22, 2016, hour fax-on-demand service, tel.: 202/ 5. PAK, Yong Sik (a.k.a. PAK, Yo’ng- 622–0077. (81 FR 3928) is extended. Comments sik), Korea, North; DOB 1950; Member must be received no later than April 22, Notice of OFAC Actions of the Workers’ Party of Korea Central 2016. Military Commission (individual) ADDRESSES: Comments may be On March 2, 2016, OFAC blocked the [DPRK2] (Linked To: WORKERS’ submitted through the Federal property and interests in property of the PARTY OF KOREA CENTRAL eRulemaking Portal following three individuals pursuant to MILITARY COMMISSION). (www.regulations.gov). Please follow the E.O. 13382, ‘‘Blocking Property of Weapons of Mass Destruction 6. RI, Yong Mu (a.k.a. RI, Yong-Mu), instructions for submitting comments Proliferators and Their Supporters’’: Korea, North; DOB 25 Jan 1925; POB through the Web site. You may South Pyo’ngan Province, Pyo’ngso’ng; download this proposed rule from Individuals Vice Chairman of the National Defense www.regulations.gov or 1. HYON, Gwang Il (a.k.a. HYON, Commission (individual) [DPRK2] www.treasurydirect.gov. Please submit jstallworth on DSK7TPTVN1PROD with NOTICES Kwang Il), Korea, North; DOB 27 May (Linked To: NATIONAL DEFENSE your comments, along with your full 1961; nationality Korea, North; COMMISSION). name and mailing address. We will not Department Director at the National 7. PAK, Chun Il, Egypt; DOB 28 Jul accept comments by fax or email. All Aerospace Development Administration 1954; nationality Korea, North; Passport comments will be posted to (individual) [NPWMD] (Linked To: 563410091 (Korea, North); North Korean www.regulations.gov and on the NATIONAL AEROSPACE Ambassador to Egypt (individual) TreasuryDirect Web site at DEVELOPMENT ADMINISTRATION). [DPRK2]. www.treasurydirect.gov. VerDate Sep<11>2014 15:26 Mar 22, 2016 Jkt 238001 PO 00000 Frm 00110 Fmt 4703 Sfmt 4703 E:\FR\FM\23MRN1.SGM 23MRN1

15608 Federal Register / Vol. 81, No. 56 / Wednesday, March 23, 2016 / Notices Additional Instructions: In general, Given the market evolution, access to and economic relationship with China. comments received, including timely and comprehensive data across This hearing will examine the origins, attachments and other supporting related markets is increasingly implementation, and impacts of the U.S. materials, are part of the public record important to fully assess new ‘‘Rebalance to Asia’’ strategy, now in its and are available to the public. Do not developments, and analyze market fourth year. It will assess the reactions include any information in your events. Accordingly, we are interested of China and other regional countries to comment or supporting materials that in the most efficient and effective ways the Rebalance, and evaluate areas of you consider confidential or for the official sector to obtain strength and weakness. The hearing will inappropriate for public disclosure. additional market data and in ways to also explore what objectives and FOR FURTHER INFORMATION CONTACT: For more effectively monitor diverse but policies will best serve U.S. regional general inquiries, submission process related markets. Finally, we are interests moving into a new questions or any additional information, interested in the potential benefits and Administration. The hearing will be co- costs of additional transparency with chaired by Vice Chairman Carolyn please email TreasuryMarket RFI@ respect to Treasury market trading Bartholomew and Senator James Talent. treasury.gov or call (202) 622–2396. If activity and trading venue policies and Any interested party may file a written you use a telecommunications device practices. statement by March 31, 2016, by mailing for the deaf (TDD) or a text telephone (TTY), call the Federal Relay Service James G. Clark, to the contact below. A portion of each (FRS), toll free, at 1–800–877–8339. All Deputy Assistant Secretary for Federal panel will include a question and responses to this Notice and Request for Finance. answer period between the Information should be submitted via [FR Doc. 2016–06641 Filed 3–22–16; 8:45 am] Commissioners and the witnesses. www.regulations.gov to ensure BILLING CODE 4810–AS–P Location, Date and Time: Room: G– consideration. 50, Dirksen Senate Office Building. Thursday, March 31, 2016, 9:00 a.m. to SUPPLEMENTARY INFORMATION: On U.S.-CHINA ECONOMIC AND 2:50 p.m.. A detailed agenda for the January 22, 2016, Treasury published in SECURITY REVIEW COMMISSION hearing will be posted to the the Federal Register a request for Commission’s Web site at information on the Evolution of the Notice of Open Public Hearing www.uscc.gov. Also, please check our Treasury Market Structure.1 The RFI Web site for possible changes to the seeks public comment on several AGENCY: U.S.-China Economic and hearing schedule. Reservations are not specific questions that will inform the Security Review Commission. required to attend the hearing. ongoing work related to the next steps ACTION: Notice of open public hearing— identified in the Joint Staff Report: The March 31, 2016, Washington, DC. FOR FURTHER INFORMATION CONTACT: Any U.S. Treasury Market on October 15, member of the public seeking further 2014. The RFI is intended, in part, to SUMMARY: Notice is hereby given of the information concerning the hearing seek information and viewpoints from a following hearing of the U.S.-China should contact Anthony DeMarino, 444 diverse group of stakeholders, including Economic and Security Review North Capitol Street NW., Suite 602, the general public, buy and sell-side Commission. Washington, DC 20001; phone: 202– market participants, academics, and Name: Dennis Shea, Chairman of the 624–1496, or via email at ademarino@ industry groups regarding these and U.S.-China Economic and Security uscc.gov. Reservations are not required other structural changes in the Treasury Review Commission. The Commission to attend the hearing. market, and their implications for the is mandated by Congress to investigate, assess, and report to Congress annually Authority: Congress created the U.S.- depth, liquidity, and functioning of the China Economic and Security Review market. The RFI is also intended to on ‘‘the national security implications of the economic relationship between the Commission in 2000 in the National Defense develop a holistic view of trading and Authorization Act (Pub. L. 106–398), as risk management practices across U.S. United States and the People’s Republic amended by Division P of the Consolidated Treasury futures and cash markets— of China.’’ Pursuant to this mandate, the Appropriations Resolution, 2003 (Pub. L. including the various trading venues Commission will hold a public hearing 108–7), as amended by Public Law 109–108 and modes of execution present in the in Washington, DC on Thursday, March (November 22, 2005), as amended by Public cash market—and it seeks input on 31, 2016 on ‘‘China and the U.S. Law 113–291 (December 19, 2014). potential improvements in Treasury Rebalance to Asia.’’ Background: This is the fourth public Dated: March 17, 2016. market policies, practices, and conduct. Michael Danis, hearing the Commission will hold during its 2016 report cycle to collect Executive Director, U.S.-China Economic and 1 81 FR 3928 (January 22, 2016), https:// input from academic, industry, and Security Review Commission. www.federalregister.gov/articles/2016/01/22/2016- 01246/evolution-of-the-treasury-market-structure- government experts on national security [FR Doc. 2016–06529 Filed 3–22–16; 8:45 am] request-for-comments. implications of the U.S. bilateral trade BILLING CODE 1137–00–P jstallworth on DSK7TPTVN1PROD with NOTICES VerDate Sep<11>2014 15:26 Mar 22, 2016 Jkt 238001 PO 00000 Frm 00111 Fmt 4703 Sfmt 9990 E:\FR\FM\23MRN1.SGM 23MRN1


Document Created: 2016-03-23 00:03:33
Document Modified: 2016-03-23 00:03:33
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionRequest for information; extension of comment period.
DatesThe comment period for the notice published on January 22, 2016, (81 FR 3928) is extended. Comments must be received no later than April 22, 2016.
ContactFor general inquiries, submission process questions or any additional information, please email TreasuryMarket [email protected] or call (202) 622-2396. If you use a telecommunications device for the deaf (TDD) or a text telephone (TTY), call the Federal Relay Service (FRS), toll free, at 1-800-877-8339. All responses to this Notice and Request for Information should be submitted via www.regulations.gov to ensure consideration.
FR Citation81 FR 15607 
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR