The Federal Deposit Insurance Corporation on July 17 released proposed weekly and quarterly reporting forms for permitted payment stablecoin issuers it supervises, putting operational detail behind the GENIUS Act framework the agency proposed on April 10.

The notice and request for comment, published in the Federal Register on July 20, would create Form PS-01 (weekly) and Form PS-02 (quarterly), plus an abridged weekly Form PS-01a. Comments close September 18.

Who must file the weekly form?

Form PS-01 targets the largest permitted payment stablecoin issuers. A PPSI with $1 billion or more in total outstanding issuance value, or $100 million or more in average daily transaction volume in the prior month, must file the full weekly form. The FDIC may also compel an otherwise eligible PPSI to use the longer version based on supervisory need.

Issuers file one PS-01 per stablecoin brand they issue. The eight schedules cover the largest holders and exchanges, issuance and redemption activity, and reserve-asset detail: cash balances, U.S. Treasury securities, reverse repurchase agreements, and money market mutual funds. PPSIs below the thresholds file the three-schedule Form PS-01a.

What does the quarterly form require?

Form PS-02 applies to every FDIC-supervised PPSI. Five schedules mirror a streamlined call report: income statement, balance sheet, off-balance-sheet items, capital and operational backstop, and additional memorandum data.

According to the FDIC's notice, the agency will publish the quarterly data to promote transparency and let the public read each PPSI's financial condition. The weekly PS-01 data stays confidential.

How does this fit the broader rulemaking?

The reporting forms sit beneath the FDIC's April 10 proposed rule implementing the GENIUS Act, which lays out the supervisory framework for PPSIs. The agency framed the new collection as the data infrastructure needed to monitor compliance with the law's reserve-asset requirements and to flag concentration in distribution channels.

The FDIC's data collection arrives alongside parallel work at the Office of the Comptroller of the Currency, which has put out its own reporting forms for OCC-supervised stablecoin issuers and a separate illicit-finance compliance rule. State regulators are moving in tandem: the New York Department of Financial Services previewed rules aligned with the GENIUS Act, and Florida created its own issuer licensing regime plus a stablecoin fee-payment pilot.

How many institutions are in scope?

The agency estimated approximately 30 FDIC-supervised insured depository institutions will engage in permitted payment stablecoin activities. Combined weekly and quarterly reporting carries an estimated annual burden of 3,840 hours across the industry.

That works out to roughly 128 hours per PPSI per year, before counting the cost of building data systems to populate eight weekly schedules per brand.

What comes next?

The comment window runs until September 18, 2026. The FDIC will then move toward a final information collection and, separately, a final supervisory rule. Industry participants — particularly banks weighing entry into stablecoin issuance and existing issuers scaling above the $1 billion threshold — face a 53-day window to weigh in on the granular reserve-asset schedules and the call-report-style quarterly template before the supervisory perimeter hardens.