Interagency White Paper on Structural Change in the Settlement of Government Securities: Issues and Options — 2002-05-13 [02-11785]

The Board of Governors of the Federal Reserve System ("Board") and the Securities and Exchange Commission ("Commission") (collectively, the "agencies") are publishing for comment an interagency White Paper titled: Structural Change in the Settlement of Government Securities: Issues and Options ("White Paper"). The White Paper is designed to facilitate the discussion of possible structural changes in the settlement of government securities transactions. The White Paper is not intended to suggest that any of the approaches represent an improvement over current arrangements or that structural change is necessary. The goal of the White Paper is to provide a framework for discussion by identifying issues and questions that need to be further explored.