FR 2034 SCOOS Q1 2026 Special Questions

NONCONFIDENTIAL // EXTERNAL

2026: Q1 SCOOS – March 2026

SCOOS Special Questions on Expectations of Changes over 2026 in the Demand for
Funding, and the Provision of Funding, in Securities Financing Transactions
In these special questions we ask about your institution’s expectations regarding changes over
2026 in demand for funding as well as your institution’s capacity to supply such funding for
securities financing transactions collateralized by Treasury securities, high-grade corporate
bonds, high-yield corporate bonds, and equities.

Is your institution currently active in providing secured financing collateralized by
Treasury securities? [Yes/No] (skip-switch for Questions 81-84)
Question [81]: How do you expect the demand from your firm’s clients for secured
financing collateralized by Treasury securities to change over 2026?
•
•
•
•
•

Increase considerably
Increase somewhat
Remain basically unchanged
Decrease somewhat
Decrease considerably

Question [82]: To the degree that your firm expects a change in its clients' demand for
secured financing collateralized by Treasury securities over 2026, how important are each
of the following factors (most important, 2 nd most important, 3 rd most important)?
Changes in the stock of Treasury securities outstanding (net of SOMA holdings)
Changes in the maturity composition of the issuance of Treasury securities
Changes to the interest rate outlook
Changes in the composition of Treasury market investors
Other (please specify)

Question [83]: How do you expect your capacity to provide secured financing collateralized
by Treasury securities to change over 2026?
•
•
•
•
•

Increase considerably
Increase somewhat
Remain basically unchanged
Decrease somewhat
Decrease considerably
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2026: Q1 SCOOS – March 2026

Question [84]: Which of the following factors do you expect to be most important in
determining your firm's change in capacity to provide secured financing collateralized by
Treasury securities over 2026 (very important, somewhat important, not important)?
A) Factors supporting an increase in capacity
More favorable assessment of Treasury market risk
Increased availability of balance sheet capital at your institution
Increased ease of funding Treasury securities collateral
Increased availability of balance sheet for funding Treasury securities collateral
Increased willingness of your institution to take on risk
Improvement in expected financial strength of counterparties
Increased central clearing of Treasury repo
Increase in your institution's willingness to participate in the Federal Reserve's Standing Repo
Operations
Other (please specify)
B) Factors supporting a decrease in capacity
More adverse assessment of the Treasury market risk
Decreased availability of balance sheet capital at your institution
Decreased ease of funding Treasury securities collateral
Decreased availability of balance sheet for funding Treasury securities collateral
Decreased willingness of your institution to take on risk
Deterioration in expected financial strength of counterparties
Decreased central clearing of Treasury repo
Decrease in your institution's willingness to participate in the Federal Reserve's Standing Repo
Operations
Other (please specify)

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2026: Q1 SCOOS – March 2026

Is your institution currently active in providing secured financing collateralized by highgrade corporate bonds? [Yes/No] (skip-switch for Questions 85-87)
Question [85]: How do you expect the demand from your firm’s clients for secured
financing collateralized by high-grade corporate bonds to change over 2026?
•
•
•
•
•

Increase considerably
Increase somewhat
Remain basically unchanged
Decrease somewhat
Decrease considerably

Question [86]: How do you expect your capacity to provide secured financing collateralized
by high-grade corporate bonds to change over 2026?
•
•
•
•
•

Increase considerably
Increase somewhat
Remain basically unchanged
Decrease somewhat
Decrease considerably

Question [87]: Which of the following factors do you expect to be most important in
determining your firm's change in capacity to provide secured financing collateralized by
high-grade corporate bonds over 2026 (very important, somewhat important, not
important)?
A) Factors supporting an increase in capacity
More favorable assessment of the high-grade corporate bond market risk
Increased availability of balance sheet capital at your institution
Increased ease of funding high-grade corporate bonds collateral
Increased availability of balance sheet for funding high-grade corporate bonds collateral
Increased willingness of your institution to take on risk
Improvement in expected financial strength of counterparties
Other (please specify)
B) Factors supporting a decrease in capacity

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NONCONFIDENTIAL // EXTERNAL

2026: Q1 SCOOS – March 2026

Less favorable assessment of the high-grade corporate bond market risk
Decreased availability of balance sheet capital at your institution
Decreased ease of funding high-grade corporate bonds collateral
Decreased availability of balance sheet for funding high-grade corporate bonds collateral
Decreased willingness of your institution to take on risk
Deterioration in expected financial strength of counterparties
Other (please specify)

Is your institution currently active in providing secured financing collateralized by highyield corporate bonds? [Yes/No] (skip-switch for Questions 88-90)
Question [88]: How do you expect the demand from your firm’s clients for secured
financing collateralized by high-yield corporate bonds to change over 2026?
•
•
•
•
•

Increase considerably
Increase somewhat
Remain basically unchanged
Decrease somewhat
Decrease considerably

Question [89]: How do you expect your capacity to provide secured financing collateralized
by high-yield corporate bonds to change over 2026?
•
•
•
•
•

Increase considerably
Increase somewhat
Remain basically unchanged
Decrease somewhat
Decrease considerably

Question [90]: Which of the following factors do you expect to be most important in
determining your firm's change in capacity to provide secured financing collateralized by
high-yield corporate bonds over 2026 (very important, somewhat important, not
important)?
A) Factors supporting an increase in capacity
More favorable assessment of the high-yield corporate bond market risk
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NONCONFIDENTIAL // EXTERNAL

2026: Q1 SCOOS – March 2026

Increased availability of balance sheet capital at your institution
Increased ease of funding high-yield corporate bonds collateral
Increased availability of balance sheet for funding high -yield corporate bonds collateral
Increased willingness of your institution to take on risk
Improvement in expected financial strength of counterparties
Other (please specify)
B) Factors supporting a decrease in capacity
Less favorable assessment of the high-yield corporate bond market risk
Decreased availability of balance sheet capital at your institution
Decreased ease of funding high-yield corporate bonds collateral
Decreased availability of balance sheet for funding high-yield corporate bonds collateral
Decreased willingness of your institution to take on risk
Deterioration in expected financial strength of counterparties
Other (please specify)

Is your institution currently active in providing secured financing collateralized by equities
(including through stock loans)? [Yes/No] (skip-switch for Questions 91-93)
Question [91]: How do you expect the demand from your firm’s clients for secured
financing collateralized by equities (including through stock loans) to change over 2026?
•
•
•
•
•

Increase considerably
Increase somewhat
Remain basically unchanged
Decrease somewhat
Decrease considerably

Question [92]: How do you expect your capacity to provide secured financing collateralized
by equities (including through stock loans) to change over 2026?
•
•
•

Increase considerably
Increase somewhat
Remain basically unchanged
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•
•

2026: Q1 SCOOS – March 2026

Decrease somewhat
Decrease considerably

Question [93]: Which of the following factors do you expect to be most important in
determining your firm's change in capacity to provide secured financing collateralized by
equities (including through stock loans) over 2026 (very important, somewhat important,
not important)?
A) Factors supporting an increase in capacity
More favorable assessment of the equity markets risk
Increased availability of balance sheet capital at your institution
Increased ease of funding equities collateral
Increased availability of balance sheet for funding equities collateral
Increased willingness of your institution to take on risk
Improvement in expected financial strength of counterparties
Other (please specify)
B) Factors supporting a decrease in capacity
Less favorable assessment of the equity markets risk
Decreased availability of balance sheet capital at your institution
Decreased ease of funding equities collateral
Decreased availability of balance sheet for funding equities collateral
Decreased willingness of your institution to take on risk
Deterioration in expected financial strength of counterparties
Other (please specify)

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