Treatment of U.S. Companies Operating in Government Debt Market in the Netherlands

Zusammenfassung

Under the Primary Dealers Act of 1988, which became effective on August 23, 1989, the Federal Reserve may not designate or permit the continuation of the designation of any person of a foreign country as a primary dealer in government debt instruments if such foreign country does not accord to U.S. companies the same competitive opportunities in the underwriting and distribution of government debt instruments issued by such country as such country accords to its domestic companies. Pursuant to this Act, the Federal Reserve is reviewing the government debt market of the Netherlands and requests public comment on the treatment of U.S. companies with respect to the Netherlands' government debt market, focusing in particular on the treatment of U.S. companies relative to domestic firms.