---
kind: "section"
citation: "5 C.F.R. § 2634.303"
title: "5"
number: "2634.303"
heading: "Purchases, sales, and exchanges."
url: "https://uscodex.org/cfr/5/2634.303"
---

# §2634.303. Purchases, sales, and exchanges.

- (a) **In general.** Except for reports required under [§ 2634.201(f)](/cfr/5/2634.201.md?p=f) and as indicated in [§ 2634.310(b)](/cfr/5/2634.310.md?p=b), each financial disclosure report filed pursuant to this subpart must include a brief description, the date, and value (using the categories of value in [§ 2634.301(d)(2) through (9)](/cfr/5/2634.301.md?p=d-2..d-9)) of any purchase, sale, or exchange by the filer during the reporting period, in which the amount involved in the transaction exceeds $1,000. The acquisition of an asset through inheritance is not considered a transaction for purposes of this section. Reportable transactions include:
  - (1) Of real property, other than a personal residence of the filer or spouse, as defined in [§ 2634.105(l)](/cfr/5/2634.105.md?p=l); and
  - (2) **Of stocks, bonds, commodity futures, mutual fund shares, and other forms of securities.**
- (b) **Exceptions.** The following transactions need not be reported under [paragraph (a)](#a) of this section:
  - (1) Transactions solely by and between the reporting individual, the reporting individual's spouse, or the reporting individual's dependent children;
  - (2) Transactions involving Treasury bills, notes, and bonds; money market mutual funds or accounts; and bank accounts (as defined in [§ 2634.301(c)(2)](/cfr/5/2634.301.md?p=c-2)), provided they occur at rates, terms, and conditions available generally to members of the public;
  - (3) Transactions involving holdings of trusts and investment funds described in § [2634.312(b)](/cfr/5/2634.312.md?p=b) and [(c)](/cfr/5/2634.312.md?p=c);
  - (4) Transactions which occurred at a time when the reporting individual was not a public financial disclosure filer or was not a Federal Government officer or employee; and
  - (5) Transactions fully disclosed in any public financial disclosure report filed during the calendar year pursuant to [§ 2634.309](/cfr/5/2634.309.md).

## Notes

### Authority

Authority: 5 U.S.C. ch. 131; 26 U.S.C. 1043; Pub. L. 101-410, 104 Stat. 890, 28 U.S.C. 2461 note, as amended by sec. 31001, Pub. L. 104-134, 110 Stat. 1321 and sec. 701, Pub. L. 114-74; Pub. L. 112-105, 126 Stat. 291; E.O. 12674, 54 FR 15159, 3 CFR, 1989 Comp., p. 215, as modified by E.O. 12731, 55 FR 42547, 3 CFR, 1990 Comp., p. 306.

### Source

Source: 83 FR 33981, July 18, 2018, unless otherwise noted.