Federal Register #3064-0225

FDIC Requests Comment on Reporting Forms for Permitted Payment Stablecoin Issuers

The Federal Deposit Insurance Corporation (FDIC) is seeking public comment on new regulatory reporting forms for FDIC-supervised Permitted Payment Stablecoin Issuers (PPSIs), as required by the GENIUS Act. - Government Buyer: - Federal Deposit Insurance Corporation (FDIC) - Products/Services Requested: - Weekly Reporting Form PS01: For PPSIs with $1 billion+ in outstanding issuance or $100 million+ in average daily transaction volume; covers general info, issuance/redemption, reserve assets, and asset classes - Weekly Reporting Form PS01a: For smaller PPSIs; covers general info, issuance/redemption, and reserve assets - Quarterly Reporting Form PS02: For all PPSIs; covers income statement, balance sheet, off-balance sheet items, capital/operational backstop, and memorandum info - Unique/Notable Requirements: - Forms collect detailed data on stablecoin issuance, redemption, reserve assets (cash, U.S. Treasury securities, reverse repos, money market mutual funds, etc.), trading activity, and financial condition - FDIC requests feedback on the forms' content and preferred data submission formats (XML, JSON, CSV, XBRL) - No specific OEMs or commercial vendors are mentioned; this is a regulatory compliance and information collection initiative, not a procurement of goods or services

Description

The Federal Deposit Insurance Corporation (FDIC) invites public comment on new reporting forms and instructions related to the regulatory requirements for FDIC-supervised permitted payment stablecoin issuers (PPSIs). These forms include weekly and quarterly reports designed to facilitate FDIC supervision, promote transparency, and assess compliance with reserve asset requirements under the GENIUS Act. The weekly reports (Form PS01 or PS01a) collect detailed information on issuance, redemption, reserve assets, and trading activity, while the quarterly report (Form PS02) collects financial condition data similar to Call Reports. The FDIC seeks feedback on the forms, their content, and the preferred data submission formats.

View original listing