Amendments to Regulations for the Government Securities Act of 1986

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The Department of the Treasury (``Department'') is publishing for comment proposed amendments to the financial responsibility rules in Part 402 and a conforming amendment to a recordkeeping requirement in Part 404 of the regulations issued under the Government Securities Act of 1986 (``GSA''). The proposed amendments would raise the minimum capital requirements for all government securities brokers and dealers subject to the requirements of Section 402.2 and establish a written notification requirement for certain withdrawals of capital. The proposed amendments parallel the Securities and Exchange Commission's (``SEC'') final and proposed amendments to the minimum net capital requirements for brokers and dealers subject to the requirements of 17 CFR 240.15c3-1 (Rule 15c3-1) and final rules regarding the withdrawal of capital.