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.
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
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.
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 2052b FR 2052b - One-time Implementation
2-FR2052ab_20140829_omb.docx
FR 2052b - One-time Implementation