

Form 1 trust waits have started moving too, and the individual lane is now down to single digits
Two weeks ago I posted here that the Form 1 individual median had gone 83, 73, 48, 22 over the last four weeks of July, and I said the 22 would rise because that week was only about a third reported.
It didn't rise. With the rest of the records in, that week still reads 22. The two weeks before it actually came down, 73 to 62 and 48 to 44, because the later reports were faster rather than slower. That was the opposite of what I told you to expect, so I'm saying it plainly.
The weeks since read 8 days and 4 days.
The thing I couldn't call last time was trusts. That lane had turned on fourteen approvals, which is not enough to say anything. It's now on a hundred and two. Median over the thirty days to July 15 was 82 days; over the thirty days after, 66. Three things I checked before posting that.
Virginia dominates that lane's June records, to the point where one week is thirteen Virginia records out of thirteen. Dropping Virginia from both windows makes the fall bigger, 84 to 65, not smaller. Dropping Texas, the most common state recently, leaves it unchanged.
Recomputing the whole series using only approvals reported within three days of approval holds the reporting window constant, so slower reporting can't manufacture a trend. The most recent week reads the same either way.
Counting only approvals that waited 30 days or less takes filings still sitting in the queue out of the question entirely. Trusts produced none of those in most weeks through mid-July, then 6, then 3, then 16.
Where the two lanes actually are is different, though. In the week of August 10, the individual lane approved 30 filings and 29 of them were filed that same month. There's no old work left in it. The trust lane approved 33 that week: one from May, ten from June, fifteen from July, seven from August. It's still working a backlog. Trusts look roughly like individuals did in mid-July.
Over the last fourteen days, individual Form 1s are running a median of 6 days against Form 4 individual's 5, on 110 and 43 approvals, with overlapping confidence intervals. In June those two were 69 days and 6. Trusts are at 53.
What I can't tell you is why. This data has approvals in it and never applications, so ATF adding capacity and a backlog running dry look exactly the same from where I'm sitting.
Community-reported data, so it's a sample. If your Form 1 came through recently, the filing date and the approval date are the two numbers that make this better.