FR 2052a Reporting: Complex Institution Liquidity Monitoring Report

FR 2052a reporting is the Federal Reserve Board’s granular view of liquidity at the large banking organizations it supervises under the Category I to IV standards. The Complex Institution Liquidity Monitoring Report (OMB control number 7100-0361, renewed by the Board without revision on 4 February 2025) is filed by top-tier U.S. bank holding companies and covered savings and loan holding companies with $100 billion or more in total consolidated assets, and by foreign banking organizations with $100 billion or more in combined U.S. assets. The largest of them file it every business day.

The report is a product-coded dataset of inflows, outflows and supplemental items, cut by counterparty, collateral class, currency and maturity bucket, which the Board uses to monitor compliance with the liquidity coverage ratio (LCR) and net stable funding ratio (NSFR) under Regulation WW. The Board’s own burden estimate is 221 hours per response for a daily filer and 121 hours for a monthly filer. The firm’s category and weighted short-term wholesale funding determine much of its reporting frequency and tailoring. The reporting-entity perimeter also depends on the instructions and, where specified, determinations made with the supervisory team.

Related reading: Liquidity Reporting: LCR, NSFR and ALMM

Legal basis: an information collection that sits beside Regulation WW

The FR 2052a is a Board information collection, approved under the authority that the Office of Management and Budget delegated to the Board under the Paperwork Reduction Act. The Board’s December 2021 approval notice sets out its statutory footing: section 5 of the Bank Holding Company Act (12 U.S.C. 1844), section 8 of the International Banking Act (12 U.S.C. 3106), section 10 of the Home Owners’ Loan Act (12 U.S.C. 1467a) and section 165 of the Dodd-Frank Act (12 U.S.C. 5365). The same notice states that the report is mandatory and that, because the data are collected as part of the supervisory process, they are entitled to confidential treatment under exemption 8 of the Freedom of Information Act. A respondent may also request confidential treatment under exemption 4 for commercial or financial information it customarily keeps private. The instructions add that aggregate data for multiple respondents, which do not identify any single firm, may be released in limited circumstances.

The prudential rule the report monitors is Regulation WW, 12 CFR Part 249 (Liquidity Risk Measurement, Standards, and Monitoring). Part 249 sets the minimum LCR in §249.10, the high-quality liquid asset (HQLA) criteria in §249.20 to §249.22, total net cash outflows in §249.30 to §249.34, the shortfall framework in §249.40, quarterly LCR public disclosure in §249.90 and §249.91, and the NSFR from §249.100. The instructions define the “LRM Standards” more widely than Part 249 alone: the term also covers 12 CFR Part 50 for national banks and federal savings associations and 12 CFR Part 329 for FDIC-supervised institutions. The wider definition matters for entity-level items: S.L.6, for instance, is reported by any reporting entity subject to the LCR on a standalone basis under section 1 of whichever LRM Standard applies to it.

The link between Part 249, whose text never names the FR 2052a, and the report runs through the Board’s Paperwork Reduction Act notices, which describe the report as the detailed information the Board uses to monitor compliance with the LCR and NSFR rules, and through three staff mapping documents: Appendix VI (LCR to FR 2052a), Appendix VII (the FR Y-15 short-term wholesale funding indicator to FR 2052a) and Appendix VIII (NSFR to FR 2052a). Appendix VI says in terms that it “is not a part of the LCR Rule nor a component of the FR 2052a report” and that firms may use it solely at their discretion. The December 2021 notice makes the same point from the other side: the mapping appendices do not represent FR 2052a instructions. A firm that reconciles its own LCR to the report through Appendix VI is using a staff aid, and the binding texts remain Part 249 for the ratio and the instructions for the report.

Who must report the FR 2052a: holding companies, FBOs and their material entities

The instructions set a size gate and then a category test. A “U.S. firm” is a top-tier bank holding company or a top-tier covered savings and loan holding company organized under U.S. law, excluding any that is a subsidiary of a foreign banking organization (FBO). U.S. firms with $100 billion or more in total consolidated assets, on a four-quarter average, must report. FBOs, defined as in 12 CFR 252.2 and including any bank holding company that is an FBO subsidiary, must report when their combined U.S. assets are $100 billion or more on a four-quarter average.

Category then decides the reporting entities, the frequency and the detail. Categories come from Regulation YY at 12 CFR 252.5 (and Regulation LL at 12 CFR 238.10 for savings and loan holding companies), and a GSIB is identified under 12 CFR 217.402. Under §252.5 a firm determines its category at least quarterly. In outline, for a U.S. holding company:

• Category I: the U.S. GSIBs.
• Category II: $700 billion or more in average total consolidated assets, or $75 billion or more in average cross-jurisdictional activity (with at least $100 billion in assets).
• Category III: $250 billion or more in average total consolidated assets, or $100 billion or more with at least $75 billion in average nonbank assets, weighted short-term wholesale funding or off-balance sheet exposure.
• Category IV: $100 billion or more in average total consolidated assets without meeting a higher category.

For an FBO the same tests run on combined U.S. assets, and the instructions categorize the FBO on the risk profile of its combined U.S. operations. The exit tests in §252.5 look at each of the four most recent calendar quarters, so a firm that dips below a threshold for a single quarter keeps its category.

Reporting entities inside one submission

One FR 2052a submission carries several reporting entities, and the list depends on category:

• GSIBs and Category II or III U.S. firms report the global consolidated entity, the parent company only, and each material entity separately. Every bank subsidiary with $10 billion or more in total consolidated assets counts as a material entity, and the supervisory team can designate others.
• Category IV U.S. firms report the global consolidated entity and the parent company only. Whether any material entity is also reported separately is for the supervisory team to decide.
• FBOs report their consolidated U.S. operations and each material entity separately, including entities outside the United States that are managed from the United States. Where an FBO owns U.S. entities subject to the LRM Standards, those entities are material entities at a minimum.

A material entity is any consolidated bank, branch or non-bank entity that is a material contributor to the firm’s funding and liquidity operations, judged on size, complexity, business activities and overall risk profile. The consolidated entity follows U.S. GAAP consolidation on a line-by-line basis, with intracompany balances eliminated. Material conduits or special purpose entities that GAAP does not consolidate are to be discussed with the supervisory team. The parent company is generally reported on a stand-alone basis, carrying only its due-to and due-from exposures with subsidiaries and its direct third-party exposures.

The $10 billion material-entity rule is written only for GSIBs and Category II and III firms. For a Category IV parent with a $12 billion bank subsidiary, the instructions leave the question of reporting that bank as a separate entity to the supervisory team.

What the report contains: 13 product-coded tables and the fields that cut them

Appendix I of the instructions divides the report into three groups and 13 data tables, plus a comments table. Each table has predefined columns and an unconstrained number of rows, so the size of a submission moves with the size and complexity of the firm’s funding profile.

• Inflows: Assets (I.A), Unsecured (I.U), Secured (I.S) and Other (I.O).
• Outflows: Deposits (O.D), Wholesale (O.W), Secured (O.S) and Other (O.O).
• Supplemental: Derivatives and Collateral (S.DC), Liquidity Risk Measurement (S.L), Balance Sheet (S.B), Informational (S.I) and Foreign Exchange (S.FX).

Every line is addressed by the same syntax: a prefix (I, O or S), a table letter and a product number. I.A.1 is Unencumbered Assets, I.A.2 is Capacity (available central bank or GSE credit secured by pledged collateral), O.D.4 is Operational Account Balances, O.S.6 is Exceptional Central Bank Operations, S.L.6 is the entity’s LCR and S.L.10 its NSFR. Some products need a sub-product: I.A.2 must name the source of the capacity from a closed list of central banks, the FHLB system and other GSEs. Appendix II-a lists every product that requires a sub-product, with the acceptable values.

The data element and its fields

The unit of reporting is the “data element”: a unique combination of the non-numeric field values in a table. Numeric values, such as maturity amounts, market values and lendable values, are aggregated across all records that share the same non-numeric values. The instructions’ own example is a holding company with two U.S. dollar bonds maturing in four and a half and five years: both fall in the “>4 Yr <= 5 Yr” bucket and share every other field, so they are summed into one O.W row, while two sterling bonds in different buckets stay as two rows.

The fields that decide which row a position lands in are these:

• Counterparty, from a closed list of types (Retail, Small Business, Non-Financial Corporate, Sovereign, Bank, Broker-Dealer and others), with “Other” as a last resort that needs supervisory consultation. The classification follows the legal counterparty to the exposure, with two product-specific exceptions for the Bank and Debt Issuing SPE types on O.O.4 Credit Facilities and O.O.5 Liquidity Facilities.
• Collateral Class, taken from the asset category table in Appendix III. A “-Q” suffix means the asset meets all the asset-specific tests in section 20 of Regulation WW (for example A-1-Q for debt issued by the U.S. Treasury, or E-1-Q for U.S. equities in the Russell 1000 as level 2B); the same code without the suffix is non-HQLA. Where a security has more than one credit risk profile, the lowest quality governs.
• Maturity Bucket, from the Appendix IV list: Open, Day 1 to Day 60, then weekly, 30-day, 90-day and yearly ranges, “>5 Yr” and Perpetual. Day buckets count calendar days after the as-of date, maturities follow contractual settlement, and behavioural or projected assumptions are excluded.
• Flags such as Treasury Control (the asset meets the operational requirements for eligible HQLA other than being unencumbered), Internal and Internal Counterparty for affiliated transactions, Insured (FDIC, Other or Uninsured) on deposits, Settlement (FICC, Triparty, Other or Bilateral on secured products; CLS, Other or Bilateral on FX), Encumbrance Type, and Maturity Optionality for evergreen, extendible and accelerated instruments.

Two fields are required only of U.S. Category I firms: Business Line and G-SIB. The G-SIB field names the counterparty as it appears on the Financial Stability Board’s most recent G-SIB list.

Currency, units, rounding and signs

All currency-denominated values are reported in millions of the currency. For U.S. GSIBs and for Category II firms and Category III firms with $75 billion or more in weighted short-term wholesale funding, U.S. or foreign, every numeric field carries a currency attribute: USD, EUR, GBP, CHF, JPY, AUD and CAD are reported in their own currency, and every other currency is converted to U.S. dollars at the closing exchange rate (6:30 p.m. EST) on the as-of date and flagged through the Converted field. Category III firms with less than $75 billion in weighted short-term wholesale funding and Category IV firms, U.S. or foreign, may instead report everything in U.S. dollar millions. A record whose aggregate amount rounds to less than 0.01, which means ten thousand currency units, is not reported.

The two ratio products carry their own convention: S.L.6 (LCR) and S.L.10 (NSFR) are reported as decimals with four points of precision, so an LCR of 105.25% is reported as 1.0525, and only reporting entities subject to the ratio on a standalone basis under section 1 of the applicable LRM Standard (12 CFR Part 50, Part 249 or Part 329) report them. In the balance sheet table, S.B.5 Counterparty Netting is entered as a negative number and reported twice, once against assets and once against liabilities, while S.B.6 Carrying Value Adjustment can be positive or negative depending on whether it raises or lowers the balance reported elsewhere.

The Appendix VI mapping shows how these fields resolve into LCR lines. Stable retail deposits under §249.32(a)(1) map to products O.D.1 (Transactional Accounts) and O.D.2 (Non-Transactional Relationship Accounts) with the counterparty set to Retail or Small Business and the Insured field set to FDIC. The same two products with any Insured value other than FDIC map to other retail deposits under §249.32(a)(2), a different outflow line. One field value moves a balance between LCR categories, and the report itself shows no LCR line to catch it.

The Small Business type has a cap as well: it covers entities managed as retail exposures, and the total aggregate funding raised from them should not exceed $1.5 million from the perspective of the consolidated reporting entity.

Reference dates and deadlines: three clocks keyed to category and funding

Day T is the as-of date of the data. Frequency and remittance depend on category and on average weighted short-term wholesale funding (wSTWF), and the instructions’ submission summary resolves into three clocks:

• Each business day, due T+2 business days: U.S. GSIBs, Category II firms and Category III firms with wSTWF of $75 billion or more; Category II FBOs and Category III FBOs with wSTWF of $75 billion or more.
• Monthly, due T+2 business days: Category III U.S. firms and Category III FBOs with wSTWF below $75 billion.
• Monthly, due T+10 calendar days: Category IV U.S. firms and Category IV FBOs.

The instructions say reports should be submitted by 3:00 p.m. ET on the business day that corresponds to the reporting date. Where a calendar-day deadline lands on a weekend or a Federal Reserve bank holiday, the submission moves to the following business day. On U.S. bank holidays and weekends no report is submitted at all. A daily filer’s Friday position therefore falls due by 3:00 p.m. ET the following Tuesday, two business days later, unless a holiday intervenes.

“Monthly” carries two different deadlines. A Category III firm below the $75 billion funding line files monthly but on the T+2 business-day clock, so a production calendar that gives every monthly filer ten calendar days would miss this group’s deadline. The general instructions also define Day T without naming which day of the month a monthly filer uses as its as-of date. The NSFR supplemental products and the balance sheet table are expressly as of the last business day of the month (or quarter), and Regulation WW has Category IV firms calculate the LCR on the last business day of the month under §249.10(a). The monthly as-of convention is therefore a point to confirm with the supervisory team before the calendar is built on it.

Products on a slower cycle

Two groups of products run on their own timetable:

• NSFR supplemental products S.L.7 to S.L.10: U.S. firms and FBO intermediate holding companies report them as of the last business day of each calendar month, T+15 calendar days after the as-of date.
• Balance sheet table S.B.1 to S.B.6: as of the last business day of each calendar month, T+15 calendar days, for Category I, II and III firms and for Category IV firms with wSTWF of $50 billion or more; as of the last business day of each calendar quarter, T+15 calendar days, for Category IV firms below $50 billion. S.B.5 Counterparty Netting is the exception for Category I firms, which report it for every as-of date on their normal cycle.

A month-end as-of date of 30 June therefore gives a T+15 due date of 15 July, moved to the next business day if the 15th falls on a weekend or a Federal Reserve holiday. The December 2021 notice adds that these less frequent elements are reported as of the end of the submission cycle, and that firms may send T+10 or T+15 elements ahead of their deadlines if they can produce them accurately.

When the category changes

The transition rules are asymmetric. Tightening phases in; relief takes effect at once:

• Monthly T+10 to monthly T+2: the firm may keep filing on T+10 until the first day of the fifth calendar quarter after its category change is effective under §252.5.
• Monthly T+2 to monthly T+10: the longer lag applies immediately, from the first day of the first quarter in which the category change is effective.
• Monthly to daily: the firm may keep filing monthly until the first day of the second calendar quarter after the category change is effective, or after its average wSTWF reaches $75 billion.
• Daily to monthly: the lower frequency applies immediately, from the first day of the first quarter in which the category change is effective or average wSTWF falls below $75 billion.

These FR 2052a clocks do not match the LCR’s own transition. Under §249.10(b), a firm that was Category IV and moves to Category I, II or III begins calculating its LCR every business day from the first day of the fifth quarter after the move. A Category IV firm that moves straight into daily FR 2052a filing (Category III with wSTWF at or above $75 billion) can therefore be filing daily on the second-quarter clock before the daily LCR calculation starts on the fifth-quarter clock.

For a daily filer every business day is a reference date, and the next one is always the next U.S. business day. For a firm entering scope for the first time, the instructions set no first as-of date: they cover moves between frequencies but say nothing about the first submission after a firm crosses $100 billion. Part 249 gives the LCR its own start date, the first day of the third calendar quarter after a firm becomes subject to it (§249.50(c)), and the instructions do not cross-refer to it. The footnotes to the submission summary also note that, consistent with its supervisory authority, the Federal Reserve may temporarily require FR 2052a data more frequently during periods of stress.

Submission and format: a flat dataset due by 3:00 p.m. ET

The instructions fix the data layout and the cut-off time. They do not name a transmission portal, a file type or a schema version. Appendix I describes the report as a “flat” tabular structure with predefined columns and an unconstrained number of rows, lists the fields of each table with their type (text, numeric or percent) and marks each as mandatory or dependent. Dependent fields are required only for certain transactions: a Forward Start Bucket for forward-starting trades, an Internal Counterparty for intercompany transactions, a Sub-Product for the products listed in Appendix II-a. Currency and Converted are required for each value field even though the Appendix I diagrams leave them out, and the December 2021 notice confirmed that currency is a required field.

The instructions name no XBRL taxonomy or file-naming convention either. Inside the file, the Reporting Entity field carries the entity name, the list of reportable entities is specific to each firm, and entity naming conventions are to be coordinated with the supervisory team. Exposures spanning several reporting entities, such as unfunded commitments to multinational clients, may be allocated pro rata where that better represents the contingent funding profile and matches internal risk management.

The comments table is part of the submission format. Several products and field values require a narrative there: a counterparty typed as “Other” needs a description at least monthly and whenever reported values change materially, and the same rule applies to the “Other” encumbrance type and to catch-all products such as I.S.6 and I.S.8 (Other Secured Loans) and O.O.22 (Other Cash Outflows). The December 2021 notice moved these general descriptions from daily to monthly reporting.

Resubmission rules also come from the December 2021 notice. The Board requires previously submitted data elements that contain material errors to be resubmitted, and a resubmission follows the FR 2052a requirements in force at the original filing date. For the 2022 revision, the Board limited its demand for resubmissions under the old requirements to 180 days after the new effective date. Daily data elements do not have to be resubmitted merely because the related monthly or quarterly T+15 elements arrive later.

Validation: the constraints in the instructions and the checks firms must build

The instructions contain no list of edit checks, validation rules or rejection codes, and the December 2021 notice explains the gap. Commenters had asked the Board for a list of validation checks, including checks against other regulatory reports. The Board answered that FR 2052a validation checks have historically been implemented after changes to the report are finalized, and that it expects banking organizations to develop their own validation checks and controls to ensure the quality and integrity of submitted data.

The instructions still contain hard constraints that any control set can test mechanically:

• Permitted combinations. Appendix II-a lists acceptable product and sub-product pairs, Appendix II-b the counterparty requirements, Appendix II-c the collateral class requirements and Appendix II-d the forward start exclusions.
• No double counting, with listed exceptions. A transaction is reported once per reporting entity unless the instructions specify otherwise. Appendix V gives 21 indicative cases, which it says may not be exhaustive, including collateral swaps (reported in both I.S and O.S), loans and leases (in I.U or I.S by counterparty and in I.A at market value), encumbered assets (in I.A.7 and under the product they secure), and third-party exposures at subsidiaries that are themselves reporting entities.
• Cumulative downgrade series. Appendix V describes total collateral required on a one-notch, two-notch and three-notch downgrade and on a change in financial condition (O.O.13 to O.O.16) as cumulative, each amount no greater than the next; the loss of rehypothecation rights series O.O.9 to O.O.12 follows the same order.
• Cross-product ties. Appendix V item 19 states that the trapped and transferable liquidity and funding products (S.L.1, S.L.2, S.L.7, S.L.8 and S.I.6) should correspond to asset and liability amounts reported elsewhere in the submission.
• Field-to-table scope. Many field definitions name the tables they apply to, and the Appendix I data tables list the fields each table carries; Risk Weight, for example, applies only to I.U, I.S and S.B, and Loss Absorbency only to O.W.

The December 2021 notice also fixes how far balance sheet alignment goes. The report requires data that conceptually cover all balance sheet exposures and certain off-balance sheet exposures, and the notice states that firms need not wholly reconcile FR 2052a data elements to the details of the U.S. GAAP balance sheet. Carrying value adjustments in S.B.6 may be aggregated at product and counterparty level, firms subject to the NSFR must apply them at the level Appendix VIII needs, and for firms outside the NSFR Board staff agree the reconciliation level firm by firm. S.B.5 and S.B.6 are mutually exclusive, and S.B.5 follows the NSFR rule on netting in place of U.S. GAAP. The data-aggregation discipline these ties call for is the one set out in our BCBS 239 risk data aggregation guide.

Caveats and interactions: LCR scope, FR Y-15 inputs and proportionality

FR 2052a scope and LCR scope are two different perimeters. Under §249.1(b)(1), the LCR and NSFR apply to GSIBs and GSIB depository institutions, Category II and III Board-regulated institutions, Category IV Board-regulated institutions with $50 billion or more in average wSTWF, and covered nonbank companies or institutions the Board designates. A Category IV firm below $50 billion sits outside the Part 249 minimum and still files the FR 2052a monthly on T+10. For that firm the instructions make the S.L table optional; the same option covers FBOs without an intermediate holding company subject to the LRM Standards. Separately, S.I.6, which the instructions address to all Category IV firms, asks for the highly liquid assets at subsidiaries in excess of their modeled 30-day net outflows that would not be freely transferable to the parent.

Where the lighter treatment applies

Proportionality is written into individual fields and tables, with no separate short form:

• Category III firms with wSTWF below $75 billion and Category IV firms may report all values in U.S. dollar millions, are not required to report the S.FX foreign exchange table, and have the option not to report S.DC.17 (Sleeper Collateral Receivables) and the collateral substitution capacity products S.DC.19 and S.DC.21.
• Category IV firms with wSTWF below $50 billion are not required to report the Risk Weight or Loss Absorbency fields, have the option of not reporting the Derivatives and Collateral (S.DC) products at all, report the balance sheet table quarterly, and fall in the shortest tier of Appendix IV-b, where products I.A.1, I.A.2 and I.A.7 may be reported under Open, 271 to 364 days and “>5 Years” by residual maturity, while perpetual instruments stay in the Perpetual bucket.
• Appendix IV-b assigns Category I and II firms all 76 maturity buckets. It separately describes a tailored tier for Category III or Category IV firms with wSTWF greater than $50 billion, under which non-perpetual contractual maturities of one year and beyond may generally be aggregated into the specified longer-dated buckets. The instructions elsewhere use $50 billion or more for certain Category IV requirements, including monthly balance-sheet reporting, so the exact $50 billion boundary should not be inferred from Appendix IV-b for other requirements.
• For FBOs, the December 2021 notice ties certain NSFR-related elements to the intermediate holding company’s category under Regulation YY, where applicable (an FBO need not provide the NSFR-related S.L elements for its U.S. branches), while other NSFR-related elements, such as S.B.1 Regulatory Capital Element, are still required for material entities that are not subject to the NSFR rule.

FR Y-15 decides the clock

The $75 billion and $50 billion funding lines that move a firm between clocks and field sets are measured on a different report. Part 249 defines average weighted short-term wholesale funding as the average over the four most recent calendar quarters as reported quarterly on the FR Y-15, and the instructions point to the definition in 12 CFR 252.2. Because the measure is taken from FR Y-15 filings, a change in reported FR Y-15 funding figures feeds straight into the FR 2052a frequency and tailoring, with no change in the FR 2052a data themselves. Appendix VII maps the FR Y-15 Schedule G and N line items to FR 2052a identifiers, again as a staff aid “not a part of any regulation”.

What the report does not replace

Filing the FR 2052a discharges none of the separate Regulation WW duties. Under §249.40(a) a Board-regulated institution must notify the Board on any business day its LCR is calculated below the minimum. A daily calculator whose LCR stays below the minimum for three consecutive business days, or that the Board finds otherwise materially noncompliant, must promptly provide a plan for achieving compliance, whose required contents include, as applicable, a commitment to report progress no less than weekly; a monthly calculator below the minimum at month-end must promptly consult the Board on whether a plan is needed. The S.L.6 value in the report is a data point and does not stand in for that notification. For a comparison with how another supervisor handled a reported liquidity breach, see our note on APRA’s APS 210 liquidity breach case.

Public disclosure is also separate. Sections 249.90 and 249.91 require quarterly LCR disclosure in a fixed template in U.S. dollar millions, and the December 2021 notice states that the NSFR public disclosure requirements, based on daily averages, “are independent of and not modified by the FR 2052a”.

Readers coming from the EU regime will find a different design. The EU collects its liquidity ratios through dedicated supervisory templates, as set out in our guide to LCR, NSFR and ALMM reporting, whereas the Board collects one granular dataset, monitors both ratios from it and states that it calculates the NSFR from FR 2052a data using Appendix VIII. The trapped-liquidity products S.L.1 and S.L.2 measure legal-entity liquidity against the LCR’s transferability rules in §249.22, a theme that also runs through the resolution planning covered in our SRB liquidity and funding in resolution article.

Recent and upcoming changes to FR 2052a reporting

The Board’s report page lists prior versions of the form back to September 2014, with the most recent historical versions dated March 2023, April 2022, June 2020 and May 2020. The category grid that now drives frequency dates from the Board’s November 2019 tailoring rules (§252.5 carries the source note 84 FR 59099, 1 November 2019). The changes that shaped the current instructions, and the one pending, are these:

• 11 February 2021: the interagency NSFR final rule was published (86 FR 9120).
• 29 March 2021: the Federal Register published the Board’s proposal to revise the FR 2052a to reflect the NSFR rule and capture further data elements (86 FR 16365); comments closed on 28 May 2021.
• 1 December 2021: the Federal Register published the Board’s approval of the revision (86 FR 68254; Board action dated 24 November 2021), effective 1 May 2022 for Category I firms and 1 October 2022 for Categories II to IV. It added the NSFR-related data elements, including the S.B.6 carrying value approach to balance sheet alignment, and matched the maturity buckets to the NSFR’s standardized buckets. It also added or extended several fields (among them G-SIB, the FICC settlement flag and, for Category I firms, Business Line), expanded the counterparty and collateral class lists, and removed the prime brokerage designation for Category II to IV firms.
• 2 October 2024: the Federal Register published the Board’s proposal of a three-year extension without revision (89 FR 80240); the comment period closed on 2 December 2024 and no comments were received.
• 7 February 2025: the Federal Register published the Board’s three-year extension of the FR 2052a without revision (FR Doc. 2025-02359); the notice records the Board action as dated 4 February 2025 and estimates 18 daily and 23 monthly respondents. The current OMB approval expires on 29 February 2028.
• 27 March 2026: the Federal Register published the Board’s proposed changes to the GSIB surcharge rule and the FR Y-15 (91 FR 14908; comments due 18 June 2026). The proposal would move the FR Y-15 short-term wholesale funding maturity categories of 91 to 180 days and 181 to 365 days to 91 to 179 days and 180 to 364 days, aligning them with the FR 2052a and the NSFR rule.

The March 2026 proposal amends the FR Y-15 and leaves the FR 2052a instructions untouched. It matters to FR 2052a teams because the same maturity data would serve both reports: the proposal itself cites the ability to use FR 2052a data to complete FR Y-15 reporting. Appendix VII’s columns still use the FR Y-15’s current 91 to 180 day and 181 days to one year ranges, and the appendix says updated mapping documents may be published from time to time with notice to reporting firms. The proposal changes nothing in FR 2052a reporting unless and until the Board adopts a final rule.

Frequently Asked Questions

A trade was executed on T but settles on T+3. Does it belong in the T submission?

Yes. The instructions require all executed transactions to be reported, including those that have traded but not settled, and exclude transactions that are anticipated but not yet executed. Security purchases that have traded but not settled go to I.A.5 (Unsettled Asset Purchases) or I.A.6 (Forward Asset Purchases) depending on settlement timing, and forward-starting legs use the Forward Start Bucket and Forward Start Amount fields.

Our London entity has a local bank holiday on a U.S. business day. What does it report?

The instructions answer this directly: for entities in international locations, data for a local bank holiday reflect the previous good business day in that jurisdiction, with the Maturity Bucket values updated to the new as-of date.

How do we code a payment scheduled for a Saturday that actually settles on Monday?

By the date it settles. Maturities follow the actual settlement of cash flows, so a payment scheduled for a weekend or bank holiday that will not settle until the next good business day goes in the bucket for the actual settlement date.

A deposit contract is both evergreen and extendible. Which Maturity Optionality value applies?

Evergreen. The December 2021 notice answered this commenter question directly: products with both evergreen and extendible features use the “Evergreen” designation.

Several affiliated small companies each hold under $1.5 million with us. Are they Small Business counterparties?

Only if the affiliated group’s aggregate funding stays within $1.5 million from the perspective of the consolidated reporting entity, and the entities are managed as retail exposures with retail-like liquidity risk. Where the group total exceeds the cap, the entities are reported under whichever other counterparty type fits them, such as Non-Financial Corporate for commercial entities that are not financial.

We elected the fair value option for a repo. What goes in Maturity Amount?

The cash settlement obligation of the secured financing transaction. The December 2021 notice adds that S.B.6 Carrying Value Adjustment is then used to align that maturity amount with the balance sheet carrying value produced by the fair value election.

Related Articles

• Liquidity Reporting: LCR, NSFR and ALMM: how the EU collects its liquidity ratios through dedicated supervisory templates.
• BCBS 239 Risk Data Aggregation and Risk Reporting: the data-aggregation and reconciliation discipline that granular liquidity returns depend on.
• APRA ING Australia APS 210 Liquidity Breach: how a supervisor responds when reported liquidity data reveal a breach of the standard.
• SRB Liquidity and Funding in Resolution Guidance 2026: the European view of legal-entity liquidity and its movement inside a group in a crisis.

Key Takeaways

• Measured on the FR Y-15, the $75 billion wSTWF line separates daily T+2 from monthly T+2 filing within Category III and, as a Category III trigger under §252.5, can move a firm between monthly T+10 and daily T+2; the $50 billion line switches fields, tables and the balance sheet cycle for Category IV firms. Each quarterly category check is therefore also an FR 2052a scoping decision.
• Build the 3:00 p.m. ET cut-off and the next-business-day roll for calendar-day deadlines into the production calendar, with month-end and quarter-end T+15 items on their own track.
• On a move into a tighter clock, plan against the phase-in dates (fifth calendar quarter for T+10 to T+2, second calendar quarter for monthly to daily); relief applies from the first quarter of the change.
• Scope the validation build from Appendices II and V: permitted combinations, double-count exceptions, cumulative downgrade series and cross-product ties.
• Treat any material error as a resubmission trigger and keep the instruction version used for each filing date on record.
• Version-control the Appendix VI to VIII mappings used in LCR and NSFR reconciliations: Board staff may republish them with notice to reporting firms.
• Wait for the Board’s final action on the March 2026 FR Y-15 proposal before re-cutting any FR Y-15 maturity mapping built on Appendix VII.

Sources and References

• 12 CFR Part 249, Liquidity Risk Measurement, Standards, and Monitoring (Regulation WW), most recent annual edition: govinfo.gov
• Board of Governors of the Federal Reserve System, FR 2052a Complex Institution Liquidity Monitoring Report, form and instructions (OMB 7100-0361, approval expires 29 February 2028): federalreserve.gov
• Board staff, Appendix VI (LCR to FR 2052a Mapping), Appendix VII (Short-Term Wholesale Funding to FR 2052a Mapping) and Appendix VIII (NSFR to FR 2052a Mapping), enclosed with the current FR 2052a instructions: federalreserve.gov
• Board of Governors, FR 2052a report page (respondent panel, frequency, historical versions): federalreserve.gov
• 12 CFR Part 252, Enhanced Prudential Standards (Regulation YY), §252.2 and §252.5, 1 January 2025 edition: govinfo.gov
• Net Stable Funding Ratio: Liquidity Risk Measurement Standards and Disclosure Requirements, 86 FR 9120 (11 February 2021): govinfo.gov
• Board of Governors, Proposed Agency Information Collection Activities; Comment Request, FR 2052a, 86 FR 16365 (29 March 2021): govinfo.gov
• Board of Governors, Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, FR 2052a, 86 FR 68254 (1 December 2021): govinfo.gov
• Board of Governors, Proposed Agency Information Collection Activities; Comment Request, FR 2052a extension without revision, 89 FR 80240 (2 October 2024): govinfo.gov
• Board of Governors, Agency Information Collection Activities: Announcement of Board Approval, FR 2052a extension without revision, FR Doc. 2025-02359 (7 February 2025): govinfo.gov
• Board of Governors, Regulatory Capital Rule (Regulation Q): Risk-Based Capital Surcharges for Global Systemically Important Bank Holding Companies; Systemic Risk Report (FR Y-15), proposed rule, 91 FR 14908 (27 March 2026): govinfo.gov

Before the next FR 2052a as-of date: the settings that decide the file

Three settings decide what an FR 2052a submission looks like on any given day: the firm’s category under §252.5, its four-quarter average weighted short-term wholesale funding from the FR Y-15, and the reporting-entity list agreed with the supervisory team. Those settings determine major elements of the submission perimeter, tailoring and timing. Product-specific instructions and transaction characteristics then determine which products, fields and maturity treatments apply to individual data elements.

The artifact to produce is a short control record that states the current category, the wSTWF figure and the quarter it was measured in, the resulting clock (daily T+2, monthly T+2 or monthly T+10), the agreed entity list and naming, and, for a monthly filer, the as-of convention confirmed with the supervisory team. It is due for review each time a new FR Y-15 is filed, and again before 29 February 2028, when the current OMB approval of the report expires.

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