Notice By Financial Institutions
of Government Securities Broker or Government
Securities Dealer Activities
A financial institution that
intends to engage in broker or dealer activities
must notify its regulator by using the Notice by
Financial Institutions of Government Securities
Broker or Government Securities Dealer Activities
(FR G-FIN). This notice collects the
institution's identifying information and the
names and titles of its managers of government
securities activities; the notice requires the
institution to state whether any person associated
with the respondent's government securities
activities has been involved in disciplinary
proceedings related to securities sales. A
financial institution that intends to cease
engaging in broker or dealer activities must
notify its regulator by using the Notice by
Financial Institutions of Termination of
Activities as a Government Securities Broker or
Government Securities Dealer (FR G-FINW).
Purpose: The federal banking regulatory
agencies use the information in the notices to
enforce regulations applicable to brokers and
dealers at financial institutions on behalf of the
U.S. Department of the Treasury.
The Government Securities Act of
1986 (the Act) requires financial institutions to
notify their appropriate regulatory authority
(ARA) of their intent to engage in government
securities broker or dealer activity, to amend
information submitted previously, and to record
their termination of such activity. The Act
established for the first time federal regulation
of brokers and dealers of government securities,
including banks and other financial institutions.
Since July 25, 1987, all financial institutions
that serve as government securities brokers and
government securities dealers have been required
to notify their federal ARA of such activities.
State member banks, foreign banks,
uninsured state branches or state agencies of
foreign banks, commercial lending companies owned or
controlled by foreign banks, and Edge Act
corporations. Reporting is required.
The notices are available to the
public upon request. The data are not published.
Last Update: April 6, 2022