Complex Institution Liquidity Monitoring Report

Forms and Documents

Document Name	Status
Form FR 2052a Daily U.S. BHCs and SLHCs with total consolidated assets ≥ $700 billion or with ≥ $10 trillion in assets under custody and FBOs identified as LISCC firms Form and Instruction	Unchanged
Form FR 2052a $10 billion but total consolidated assets < $700 billion and with < $10 trillion in assets under Form and Instruction	Unchanged
Form FR 2052a Monthly U.S. BHCs and SLHCs with total consolidated assets ≥ $50 billion but total consolidated assets < $250 billion and foreign exposure < $10 billion and FBOs with U.S. assets ≥ $50 billion but Form and Instruction	Unchanged
BoardStatement_EGRRCPA_20180706.pdf Supplementary Document	2018-09-06
FR2052a_20180906_omb_emergency.pdf Supporting Statement A	2018-09-06

IC Document Collections

IC ID	Document Title	Status
209414	Daily U.S. BHCs and SLHCs with total consolidated assets ≥ $700 billion or with ≥ $10 trillion in assets under custody and FBOs identified as LISCC firms Form and Instruction	Unchanged
209413	$10 billion but total consolidated assets < $700 billion and with < $10 trillion in assets under Form and Instruction	Unchanged
209412	Monthly U.S. BHCs and SLHCs with total consolidated assets ≥ $50 billion but total consolidated assets < $250 billion and foreign exposure < $10 billion and FBOs with U.S. assets ≥ $50 billion but Form and Instruction	Unchanged

ICR Details

OMB Control No: 7100-0361	ICR Reference No: 201809-7100-002
Status: Historical Active	Previous ICR Reference No: 201808-7100-012
Agency/Subagency: FRS	Agency Tracking No: FR 2052a
Title: Complex Institution Liquidity Monitoring Report
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 09/11/2018
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/10/2018
	Date Received in OIRA: 09/06/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2019	6 Months From Approved	12/31/2018
Responses	3,480	0	3,480
Time Burden (Hours)	717,600	0	717,600
Cost Burden (Dollars)	0	0	0

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Abstract: The FR 2052a collects quantitative information on selected assets, liabilities, funding activities, and contingent liabilities of certain large financial firms on a consolidated basis and by material legal entity. Currently, bank holding companies and savings and loan holding companies subject to the Liquidity Coverage Ratio rule (LCR rule) (U.S. firms) with total consolidated assets of $50 billion or more and foreign banking organizations (FBOs) with combined U.S. assets of $50 billion or more submit FR 2052a data, with the frequency based on the asset size of the firm and whether it has been identified as a Large Institution Supervision Coordinating Committee (LISCC) firm. The FR 2052a is used to monitor the overall liquidity profile of institutions supervised by the Board. These data provide detailed information on the liquidity risks within different business lines (e.g., financing of securities positions, prime brokerage activities). In particular, these data serve as part of the Board’s supervisory surveillance program in its liquidity risk management area and provide timely information on firm-specific liquidity risks during periods of stress. Analyses of systemic and idiosyncratic liquidity risk issues are then used to inform the Board’s supervisory processes, including the preparation of analytical reports that detail funding vulnerabilities.

Emergency Justfication: The Board has revised the FR 2052a report effective immediately. These revisions arise from the Board’s amendment of the LCR rule in accordance with the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). As required by section 403 of EGRRCPA, the Board has amended its LCR rule within 90 days of the enactment of EGRRCPA to treat investment grade municipal obligations that are liquid and readily-marketable as level 2B HQLA for purposes of their liquidity regulations. Therefore, the Board has revised the asset categories in the FR 2052a instructions to enable institutions to report certain municipal obligations that meet all the requirements for inclusion as HQLA under section 20 of the LCR rule, as amended. Specifically, the Board has amended the Assets Category Table in Appendix III of the FR 2052a instructions such that the description of the asset classification code “IG2-Q” is sufficiently inclusive of municipal obligations that may qualify as HQLA under the LCR rule. In order for the FR 2052a to reflect section 403 of EGRRCPA and the recent amendments to the LCR rule, the Board cannot comply with the normal clearance process and still receive the data in a timely manner. Therefore, the Board has determined that the revisions to the FR 2052a described above must be instituted quickly and public participation in the approval process would substantially interfere with the Board’s ability to perform its statutory obligations arising from EGRRCPA.

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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 Wall Street Reform and Consumer Protection 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

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
Monthly U.S. BHCs and SLHCs with total consolidated assets ≥ $50 billion but total consolidated assets < $250 billion and foreign exposure < $10 billion and FBOs with U.S. assets ≥ $50 billion but	FR 2052a	Complex Institution Liquidity Monitoring Report
Monthly U.S. BHCs and SLHCs with total consolidated assets ≥ $250 billion or foreign exposure > $10 billion but total consolidated assets < $700 billion and with < $10 trillion in assets under	FR 2052a	Complex Institution Liquidity Monitoring Report
Daily U.S. BHCs and SLHCs with total consolidated assets ≥ $700 billion or with ≥ $10 trillion in assets under custody and FBOs identified as LISCC firms	FR 2052a	Complex Institution 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	3,480	3,480	0	0	0	0
Annual Time Burden (Hours)	717,600	717,600	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $532,800

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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: 09/06/2018

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