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
these 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 Treasury
market surveillance and analysis of the market and to assist and
support the U.S. Department of the Treasury (Treasury) in its role
as fiscal agent for Treasury financing operations. In addition,
these data are helpful in the analysis of broad financial
conditions and a range of financial stability issues.
US Code:
12
USC 263c Name of Law: Federal Reserve Act
US Code: 12
USC 353-359 Name of Law: Federal Reserve Act
US Code: 12
USC 391 Name of Law: Federal Reserve Act
US Code: 5
USC 552(b)(4) Name of Law: Freedom of Information Act
US Code: 5
USC 552(b)(8) Name of Law: Freedom of Information Act
US Code: 12
USC 225a Name of Law: Federal Reserve Act
The current annual burden for
the FR 2004 is estimated to be 18,860 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 if any presence in the new asset
classes such as Agency MBS 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 the FR 2004
reports as follows: the FR 2004A would increase from 2.8 hours to
3.0 hours; the FR 2004B would increase from 3.5 hours to 3.7 hours;
the FR 2004C would increase from 3.0 hours to 3.1 hours; the FR
2004SI and SD would increase from 2.1 hours to 2.2 hours; the new
FR 2004FA, FB, and FC would be 1.0 hour each; and the new FR 2004FM
would be 1.5 hours. Average time per response would remain
unchanged for the FR 2004SD ad hoc and WI. Based on the proposed
revisions, the total annual burden would increase by 1,930 hours to
20,790 hours. The burden for the FR 2004SD ad hoc is different than
the burden published in the Federal Register notice because the
frequency was incorrect at the time of publishing.
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 2004SD Daily Report of Specific Issues
FR2004_20141222_omb.pdf
Daily Report of Dealer Activity in Treasury Financing