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    FED Proposes to Extend FR 3052 on Supervisory and Regulatory Survey

    August 28, 2018

    FED is inviting comments on a proposal to extend for three years, without revision, the Supervisory and Regulatory Survey (FR 3052; OMB No. 7100-0322). FR 3052 collects information from financial institutions specifically tailored to the supervisory, regulatory, and operational responsibilities of FED. Examples of past surveys include collected information related to regulatory capital, operational risk loss event history, and transactions by securities dealers. The frequency and content of the questions depend on changing economic, regulatory, supervisory, or legislative developments. Comments must be submitted on or before October 29, 2018.

    The surveys would be conducted on a voluntary basis. The questions asked on each survey would vary, so the ability of FED to maintain the confidentiality of information collected would be determined on a case-by-case basis. Before conducting a survey, FED reviews any information to be collected to determine if the information is available by other means. Estimated number of respondents for this information collection is 5,000. Respondents include bank holding companies, state member banks, savings and loan holding companies, intermediate holding companies, U.S branches and agencies of foreign banking organizations (FBOs), edge and agreement corporations, nonbank financial companies that FSOC has determined should be supervised by FED, or the combined domestic operations of FBOs. At the end of the comment period, the comments and recommendations received will be analyzed to determine the extent to which the Board should modify the proposal prior to giving final approval. Comments are invited on the following:

    • Whether the proposed collection of information is necessary for the proper performance of the Board's functions; including whether the information has practical utility
    • The accuracy of the FED estimate of the burden of the proposed information collection, including the validity of the methodology and assumptions used
    • Ways to enhance the quality, utility, and clarity of the information to be collected
    • Ways to minimize the burden of information collection on respondents, including through the use of automated collection techniques or other forms of information technology
    • Estimates of capital or startup costs and costs of operation, maintenance, and purchase of services to provide information

     

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    Comment Due Date: October 29, 2018

    Keywords: Americas, US, Banking, FR 3052, Reporting, Supervisory and Regulatory Survey, FED

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