Government Securities Act Regulations: Recordkeeping

The Department of the Treasury (``Department'') is issuing in final form an amendment to the recordkeeping rules in Sec. 404.4 of the regulations issued under the Government Securities Act of 1986 (``GSA''). 17 CFR 404.4 of the GSA regulations requires financial institutions that are government securities brokers or dealers to make and preserve records. Specifically, the Department is amending Sec. 404.4(a)(1) to clarify the applicability of the federal bank regulatory agencies' rules, as adopted by the GSA rules, to financial institutions and to conform with current recordkeeping rule revisions being undertaken by the federal bank regulatory agencies.