December 28, 2018

FED issued a proposal to extend for three years, with revision, the complex institution liquidity monitoring report (FR 2052a; OMB No. 7100-0361). FR 2052a is used to monitor the overall liquidity profile of certain FED-supervised institutions. Comments must be submitted by February 26, 2019. Reporting frequency is based on the asset size of the firm and whether it has been identified as a firm supervised through the Large Institution Supervision Coordinating Committee of FED.

On September 12, 2018, FED temporarily approved certain revisions to the FR 2052a in relation to the Economic, Growth, Regulatory Relief, and Consumer Protection (EGRRCP) Act and FED’s related interim final rule amending the liquidity coverage ratio (LCR) rule. As required by section 403 of the EGRRCP Act, FED amended the LCR rule within 90 days of the enactment of EGRRCP Act to treat investment-grade municipal obligations that are liquid and readily marketable as level 2B high-quality liquid assets (HQLA) for the purpose of the liquidity regulations. Therefore, FED temporarily revised the asset categories in FR 2052a 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, FED amended the Assets Category Table in Appendix III of the FR 2052a, 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. FED is now proposing to extend for three years these temporary revisions to the FR 2052a.

 

Related Link: Federal Register Notice

Comment Due Date: February 26, 2019

Keywords: Americas, US, Banking, FR 2052a, Liquidity Monitoring, HQLA, EGRRCP Act, Reporting, LCR, FED

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