The Federal Reserve Bank of New York (FRBNY), on behalf of the Federal Reserve, collects data from primary dealers in the U.S. government securities market. Filing of the data is required to obtain the benefit of primary dealer status. The Federal Reserve uses these data to monitor the condition of the U.S. government securities market in its surveillance and analysis of the market and to assist the U.S. Department of the Treasury (Treasury). In addition, these data are helpful in the analysis of broad financial conditions and a range of financial stability issues.
The current annual burden for the FR 2004 is estimated to be 12,873 hours. While the new information requested is readily available to the respondents, significant programming and other resources are required to implement and maintain the proposed changes. In addition, the increased burden would not affect each primary dealer equally as some dealers have only a minimal presence in the new asset classes such as municipal bonds and ABS, which would require only minor implementation costs. The proposed new and revised data items would increase the estimated average hours per response for several reports as follows: the FR 2004A would increase from 1.5 hours to 2.8 hours; the FR 2004B would increase from 2.0 hours to 3.5 hours; the FR 2004C would increase from 1.25 hours to 3.0 hours; and the FR 2004SI and SD would increase from 2.0 hours to 2.1 hours. Based on the proposed revisions, the total annual burden would increase by 5,131 hours to 18,004 hours.
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:
(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;
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.
Form FR 2004WI Daily Report of Dealer Activity in Treasury Financing
FR2004_20130116_omb.pdf
Daily Report of Dealer Activity in Treasury Financing