The Federal Reserve is seeking public comment to support review by the Office of Management and Budget (OMB) of a sweeping new data-collection exercise for large U.S. banks and foreign banking organizations (FBOs). It addresses liquidity risk, demanding an array of data on funding sources, cash outflows, encumbered assets, contingent obligations, and many other factors that may drive liquidity at large banking organizations. Because of the scope of required information and the manner in which it must be collected (largely on a consolidated basis), the reports could pose a considerable operational burden, as well as subject banks to near-term supervisory action if the FRB identifies liquidity-risk exposures in the data filings.
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