TO:	CHIEF EXECUTIVE OFFICER
SUBJECT:	Treasury Department Guidance for Investment Advisors

The Department of the Treasury has issued guidance for investment advisors to clarify the requirements of its Uniform Offering Circular (31 CFR Part 356). This guidance includes information on investment advisor participation on behalf of clients in Treasury securities auctions, Treasury requirements for portfolio reporting and accurate auction submissions.

The Treasury Department has requested that we distribute the attached letter to institutions that may be affected by these regulations. Questions on these matters should be directed to the Treasury Department's Government Securities Regulations staff at (202) 219-3632.

	Nicholas J. Ketcha Jr.
	Director

Attachment

Distribution: Selected Trust Companies and FDIC-Supervised Government Securities Broker-Dealers

NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, N.W., Room 100, Washington, D.C. 20434 ((703) 562-2200 or 800-276-6003).