OFR Examines Newly Collected Data On Securities-Lending Activity

The Office of Financial Research ("OFR") examined securities-lending activity based on pilot data collected by staff from the OFR, the Federal Reserve System and the SEC. In a recent working paper, the OFR specified that the three annual reports by the Financial Stability Oversight Council ("FSOC") identified a dearth of data on securities-lending activity. In light of this, FSOC and the other regulators collected pilot data from seven large lending agents in order to address this "critical data need."

The regulators collected data concerning 75 characteristics of securities loans, including the type of collateral received, the duration of the loan, the fee paid, the type of parties involved, and the type of securities loaned.