skip to main navigation skip to secondary navigation skip to content
Board of Governors of the Federal Reserve System
skip secondary navigation
Federal Reserve Board of Governors

Securities Exchange Act of 1934



Report of Institutional Investment Managers Pursuant to Section 13(f) of the Securities Exchange Act of 1934
Institutional investment managers (Managers) must file Form 13F with the Securities and Exchange Commission (the Commission) as required by Section 13(f) of the Securities Exchange Act of 1934 [15 U.S.C. 78m(f)] (Exchange Act) and rule 13f-1 [17 CFR 240.13f-1]. Rule 13f-1(a) provides that every Manager that exercises investment discretion with respect to accounts holding Section 13(f) securities, as defined in rule 13f-1(c), having an aggregate fair market value on the last trading day of any month of any calendar year of at least $100,000,000 shall file a Form 13F with the Commission within forty-five days after the last day of such calendar year and within forty-five days after the last day of each of the first three calendar quarters of the subsequent calendar year. A Manager that is a bank, the deposits of which are insured in accordance with the Federal Deposit Insurance Act, must file with the appropriate regulatory agency.


Initial Statement of Beneficial Ownership in Securities
Form 3 collects the initial percentage of beneficial ownership of equity securities for (1) any director or officer of an issuer with a class of equity securities registered pursuant to Section 12 of the Securities Exchange Act of 1934 ('34 Act); (2) any beneficial owner of greater than 10 percent of a class of equity securities registered under Section 12 of the '34 Act, as determined by voting or investment control over the securities pursuant to Rule 16a-1(a)1; and (3) any trust, trustee, beneficiary, or settler required pursuant to Rule 16a-8 of the reportable companies listed in the respondent panel.


Statement of Changes in Beneficial Ownership
Form 4 collects the changes in beneficial ownership of equity securities for (1) any director or officer of an issuer with a class of equity securities registered pursuant to Section 12 of the Securities Exchange Act of 1934 ('34 Act); (2) any beneficial owner of greater than 10 percent of a class of equity securities registered under Section 12 of the '34 Act, as determined by voting or investment control over the securities pursuant to Rule 16a-1(a)1; and (3) any trust, trustee, beneficiary, or settler required pursuant to Rule 16a-8 of the reportable companies listed in the respondent panel.


Annual Statement of Changes in Beneficial Ownership in Securities
Form 5 collects the annual statement of changes in beneficial ownership of equity securities for (1) any director or officer of an issuer with a class of equity securities registered pursuant to Section 12 of the Securities Exchange Act of 1934 ('34 Act); (2) any beneficial owner of greater than 10 percent of a class of equity securities registered under Section 12 of the '34 Act, as determined by voting or investment control over the securities pursuant to Rule 16a-1(a)1; and (3) any trust, trustee, beneficiary, or settler required pursuant to Rule 16a-8 of the reportable companies listed in the respondent panel.


Registration Statements for Persons Who Extend Credit Secured by Margin Stock (Other than Banks, Brokers, or Dealers)
Nonbank lenders making loans above stated thresholds that are secured by margin stock must register with the Federal Reserve using the FR G-1 registration statement, which collects information about the lender's background and volume of lending. A registered lender may apply to deregister using FR G-2 if the lender has not, during the preceding six months, had more than $200,000 of margin credit outstanding.


Deregistration Statements for Persons Who Extend Credit Secured by Margin Stock (Other than Banks, Brokers, or Dealers)
Nonbank lenders making loans above stated thresholds that are secured by margin stock must register with the Federal Reserve using the FR G-1 registration statement, which collects information about the lender's background and volume of lending. A registered lender may apply to deregister using FR G-2 if the lender has not, during the preceding six months, had more than $200,000 of margin credit outstanding.


Reg G Registration Statements
Lenders that extend credit as permitted by the Board's margin requirements are sometimes required to fill out purpose statements to document the purpose of their loans secured by margin stock. The FR T-4 purpose statement is used for extensions of credit by brokers and dealers, the FR G-3 for extensions of credit by other nonbank lenders, and the FR U-1 for extensions of credit by banks. The borrower lists the amount and purpose of the loan, and the lender lists the collateral for the loan.


Annual Report for Persons Registered Pursuant to Regulation U
All FR G-1 filers are required to file the FR G-4, an annual report on their loans secured by margin stock collateral. Lenders report the total amount of credit secured directly or indirectly by margin stock outstanding as of June 30; the amount of credit secured directly or indirectly by margin stock extended during the year; whether the loans involved are purpose or nonpurpose also; and whether the credit is used to fund employee stock option, purchase, or ownership plans. Those lenders funding stock option, purchase, and ownership plans must specify whether the credit was extended pursuant to the special provisions set forth in section 221.4 of Regulation U, which authorizes employers to extend credit to employees and ESOPs with no specified margin.


Transfer Agent Registration and Amendment Form
TA-1, an interagency form, is used by entities wishing to act as a transfer agent to register before performing transfer agent functions and to amend registration information as necessary. The information collected includes the company name, all business addresses, and information about the registrant's proposed activities as a transfer agent.


Statement of Purpose for Extension of Credit by a Creditor
Lenders that extend credit as permitted by the Board's margin requirements are sometimes required to fill out purpose statements to document the purpose of their loans secured by margin stock. The FR T-4 purpose statement is used for extensions of credit by brokers and dealers, the FR G-3 for extensions of credit by other nonbank lenders, and the FR U-1 for extensions of credit by banks. The borrower lists the amount and purpose of the loan, and the lender lists the collateral for the loan.


Statement of Purpose for an Extension of Credit Secured by Margin Stock
Lenders that extend credit as permitted by the Board's margin requirements are sometimes required to fill out purpose statements to document the purpose of their loans secured by margin stock. The FR T-4 purpose statement is used for extensions of credit by brokers and dealers, the FR G-3 for extensions of credit by other nonbank lenders, and the FR U-1 for extensions of credit by banks. The borrower lists the amount and purpose of the loan, and the lender lists the collateral for the loan.

Last Update: July 6, 2012