Liquidity Monitoring Reports

Forms and Documents

Document Name	Status
Form FR 2052b FR 2052b - One-time Implementation Form	New
Form FR 2052a FR 2052a - One-time Implementation Form	New
Form FR 2052b $10 & Form	New
Form FR 2052b $50 billion, including FBO subsidiaries) Form	New
Form FR 2052a FR 2052a - Ad-Hoc Form	New
Form FR 2052a FR 2052a - FBOs (abbreviated) Form	New
Form FR 2052a FR 2052a - FBOs (complete) Form	New
Form FR 2052a FR 2052a - BHCs (G-SIBs) Form	New
2-FR2052ab_20140829_omb.docx Supporting Statement A	2014-08-29

IC Document Collections

IC ID	Document Title	Status
212618	FR 2052b - One-time Implementation Form	New
212617	FR 2052a - One-time Implementation Form	New
209416	$10 & Form	New
209415	$50 billion, including FBO subsidiaries) Form	New
209414	FR 2052a - Ad-Hoc Form	New
209413	FR 2052a - FBOs (abbreviated) Form	New
209412	FR 2052a - FBOs (complete) Form	New
209411	FR 2052a - BHCs (G-SIBs) Form	New

ICR Details

OMB Control No: 7100-0361	ICR Reference No: 201311-7100-012
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: FRS	Agency Tracking No: FR 2052ab
Title: Liquidity Monitoring Reports
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/29/2014
	Date Received in OIRA: 08/29/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2017	36 Months From Approved
Responses	2,931	0	0
Time Burden (Hours)	495,920	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The FR 2052a and FR 2052b reports collect quantitative information on selected assets, liabilities, funding activities, and contingent liabilities on a consolidated basis and by material entity subsidiary. U.S. bank holding companies (BHCs) designated by the Financial Stability Board as Global Systematically Important Banks (G-SIBs) would report the complete FR 2052a daily. Foreign banking organizations (FBOs) with U.S. broker/dealer assets greater than $100 billion would report the complete FR 2052a on occasion and an abbreviated FR 2052a (as discussed further below) twice a month. U.S. BHCs (excluding G-SIBs) with total consolidated assets > $50 billion (including FBO subsidiaries) and U.S. BHCs (not controlled by FBOs) with total consolidated assets of $10 billion - $50 billion report on the FR 2052b monthly and quarterly, respectively. The FR 2052 reports are used to monitor an individual organization's overall liquidity profile for institutions supervised by the Federal Reserve. These data provide detailed information on the liquidity risks within different business lines (e.g., financing of securities positions and prime brokerage activities). In particular, these data serve as part of the Federal Reserve's supervisory surveillance program in its liquidity risk management area and provide timely information on firm-specific liquidity risks during periods of stress. Analysis of both systemic and idiosyncratic liquidity risk issues are then used to inform the Federal Reserve's supervisory processes, including the preparation of analytical reports that detail funding vulnerabilities.

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Authorizing Statute(s): US Code: 12 USC 1844 Name of Law: Bank Holding Company Act
   US Code: 12 USC 3106 Name of Law: International Banking Act
   US Code: 12 USC 5365 Name of Law: Dodd Frank Act
   US Code: 5 USC 552(b)(4)(8) Name of Law: Freedom of Information Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 57634	09/19/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 48158	08/15/2014
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 8

IC Title	Form No.	Form Name
FR 2052a - FBOs (abbreviated)	FR 2052a	Complex Institution Liquidity Monitoring Report
FR 2052a - One-time Implementation	FR 2052a	Complex Institution Liquidity Monitoring Report
FR 2052b - One-time Implementation	FR 2052b	Liquidity Monitoring Report
FR 2052a - BHCs (G-SIBs)	FR 2052a	Complex Institution Liquidity Monitoring Report
FR 2052a - FBOs (complete)	FR 2052a	Complex Institution Liquidity Monitoring Report
FR 2052a - Ad-Hoc	FR 2052a	Complex Institution Liquidity Monitoring Report
FR 2052b - BHCs (excluding G-SIBs, >$50 billion, including FBO subsidiaries)	FR 2052b	Liquidity Monitoring Report
FR 2052b - BHCs (>$10 & <$50 billion, not controlled by FBOs)	FR 2052b	Liquidity Monitoring Report

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	2,931	0	0	2,931	0	0
Annual Time Burden (Hours)	495,920	0	0	495,920	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The Board of Governors of the Federal Reserve System (Board), under delegated authority from the Office of Management and Budget (OMB), is implementing the following mandatory Liquidity Monitoring Reports (FR 2052a and FR 2052b; OMB No. 7100-0361) under the authority granted by section 5 of the Bank Holding Company Act and section 165 of the Dodd-Frank Act. The financial crisis of 2007 and 2008 highlighted the need for timely liquidity data to identify and monitor liquidity risks at individual firms as well as in aggregate across the financial system. The data provided in the FR 2052 reports would meet this need. The crisis highlighted the importance of understanding intra-company flows and exposures within a consolidated institution. Capturing such flows is a focus of the FR 2052a, particularly at large, systemically important, globally active U.S. banking institutions. A single, consolidated view is not sufficient to provide meaningful insight into an institution's liquidity profile. Rather, disaggregated views by legal entities (parent company, broker/dealer entities, bank entities etc.) have contributed to supervisory monitoring efforts and risk supervision by identifying vulnerabilities posed by potential impediments to the movement of liquidity across legal entities. Finally, the collection of these data assists with the Federal Reserve's macroprudential supervision. For example, some of the instruments that are commonly used in conjunction with an institution's funding and liquidity activities (e.g., financing of securities positions) may have also been at the center of stress points during periods of systemic risk.

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Annual Cost to Federal Government:

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 08/29/2014

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