federal_register: 01-18441
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| document_number | title | type | abstract | publication_date | pub_year | pub_month | html_url | pdf_url | agency_names | agency_ids | excerpts |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 01-18441 | Sale and Issue of Marketable Book-Entry Treasury Bills, Notes, and Bonds; Calculation of Net Long Position and 35 Percent Limit | Proposed Rule | The Department of the Treasury ("Treasury," "We," or "Us") is issuing this Advance Notice of Proposed Rulemaking to solicit comments on potential modifications to the calculation of the net long position ("NLP") and the 35 percent award limit in marketable Treasury securities auctions. The purpose of any such modifications would be to ensure that participation in Treasury auctions remains both strong and broad, particularly in "reopenings," which are auctions of additional amounts of previously issued Treasury securities. Treasury is examining whether the current method for calculating the NLP unnecessarily limits or precludes participation in reopenings by auction participants that already hold significant amounts of the security we are auctioning. We are specifically interested in comments on an alternative that would permit bidders in reopenings to exclude a certain portion of their current holdings of the security being auctioned from their NLP calculation. We also discuss other alternatives for calculating the NLP and the 35 percent award limit. We invite comments on these alternatives as well. | 2001-07-25 | 2001 | 7 | https://www.federalregister.gov/documents/2001/07/25/01-18441/sale-and-issue-of-marketable-book-entry-treasury-bills-notes-and-bonds-calculation-of-net-long | https://www.govinfo.gov/content/pkg/FR-2001-07-25/pdf/01-18441.pdf | Treasury Department; Fiscal Service | 497,585 | The Department of the Treasury ("Treasury," "We," or "Us") is issuing this Advance Notice of Proposed Rulemaking to solicit comments on potential modifications to the calculation of the net long position ("NLP") and the 35 percent award limit in... |