OCC proposes weekly and quarterly reporting for stablecoin issuers
Permitted payment stablecoin issuers and foreign counterparts must file Form PS-01 weekly and Form PS-02 quarterly, with reporting to begin Jan 25 2027 and Mar 31 2027; comments due Nov 23 2026.
The Office of the Comptroller of the Currency issued a notice (FR Doc No 2026-21705, Volume 91, No. 204, pages 66916-66939) seeking a new OMB control number 1557-NEW for an information collection titled "Reporting Forms and Instructions for Permitted Payment Stablecoin Issuers Subject to the Jurisdiction of the Office of the Comptroller of the Currency." The collection would require weekly Form PS-01 and quarterly Form PS-02 from permitted payment stablecoin issuers and foreign payment stablecoin issuers.
The forms implement reporting obligations set out in the final rule that enacts the GENIUS Act (enacted July 18 2025). The final rule became effective January 18 2027; the information collection is slated to take effect with the first weekly report due January 25 2027 and the first quarterly report due March 31 2027. The OCC expects submissions in XML or a comparable format to enhance data usability.
The agency previously published a 60-day notice on June 12 2026 and closed the comment period on August 11 2026, receiving approximately 20 comments. Feedback emphasized a risk-based, non-duplicative reporting framework. In response, the OCC revised the forms to reduce duplication and limit the burden while preserving supervisory relevance.
Comments on the revised collection must be received by November 23 2026. Submissions may be sent by email, mail, hand delivery, fax, or through the RegInfo portal using OMB control number 1557-NEW. The notice lists Shaquita Merritt, Clearance Officer, as the point of contact (phone (202) 649-5490).
The OCC's notice underscores its intent to use the reporting data to monitor the financial condition of stablecoin issuers, support supervision, and promote transparency consistent with the GENIUS Act's objectives.
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