Announcements

March 19, 2021

Senior Financial Officer Survey

The Board of Governors of the Federal Reserve System (Board), under delegated authority from the Office of Management and Budget (OMB), is conducting a Senior Financial Officer Survey (FR 2023; OMB No. 7100-0223) in collaboration with the Federal Reserve Bank of New York. The purpose of this survey is to systematically gather views from a number of banks concerning their reserve balance management strategies and some Federal Reserve liquidity programs. The survey asks about banks’ individual reserve management experiences in recent months and how banks are expecting to manage their reserve positions and balance sheets more broadly going forward. In addition, the survey includes new questions on wholesale funding market activity.

The survey is voluntary and will be distributed to banks that represent a range of asset sizes and business models. All answers will be used solely for internal analytical, not supervisory, purposes. The Federal Reserve System regards the individual bank information provided by each respondent as confidential. A summary of aggregated survey results will be published.

September 18, 2020

Senior Financial Officer Survey

The Board of Governors of the Federal Reserve System (Board), under delegated authority from the Office of Management and Budget (OMB), is conducting a Senior Financial Officer Survey (FR 2023; OMB No. 7100-0223) in collaboration with the Federal Reserve Bank of New York. The purpose of this survey is to systematically gather views from a number of banks concerning their reserve balance management strategies and practices. In the current survey, questions are focused on gaining information on how the increase in reserve balances in the banking system that occurred over March and April 2020 may have affected individual bank’s reserve management behavior. The survey also asks banks for their views on several Federal Reserve liquidity programs.

The survey is voluntary and will be distributed to banks that represent a range of asset sizes and business models. All answers will be used solely for internal analytical, not supervisory, purposes. The Federal Reserve System regards the individual bank information provided by each respondent as confidential. A summary of aggregated survey results will be published.

August 6, 2020

Senior Financial Officer Survey

The Federal Reserve Board has posted five historical Senior Financial Officer Survey reports originally published in the 1980s and 1990s. Additional historical reports will be posted occasionally following conversion to current publishing formats.

January 31, 2020

Senior Financial Officer Survey

The Board of Governors of the Federal Reserve System (Board), under delegated authority from the Office of Management and Budget (OMB), is conducting a Senior Financial Officer Survey (FR 2023; OMB No. 7100-0223) in collaboration with the Federal Reserve Bank of New York. Similar to the survey conducted in August 2019, the purpose of this survey is to systematically gather views from a number of banks concerning their reserve balance management strategies and practices. In the current survey, questions are focused on gaining updated information on banks’ demand for reserves and additional information on banks’ engagement in money market activity under different conditions. New questions have been added to ask banks about the money market volatility that occurred in September 2019.

The survey is voluntary and will be distributed to banks that represent a range of asset sizes and business models. All answers will be used solely for internal analytical, not supervisory, purposes. The Federal Reserve System regards the individual bank information provided by each respondent as confidential. A summary of aggregated survey results will be published.

August 6, 2019

Senior Financial Officer Survey
The Board of Governors of the Federal Reserve System (Board), under delegated authority from the Office of Management and Budget (OMB), is conducting a Senior Financial Officer Survey (FR 2023; OMB No. 7100-0223) in collaboration with the Federal Reserve Bank of New York. Similar to the survey conducted in February 2019 (PDF), the purpose of this survey is to systematically gather views from a number of banks concerning their reserve balance management strategies and practices.

The survey is voluntary and will be distributed to banks that represent a range of asset sizes and business models. All answers will be used solely for internal analytical, not supervisory, purposes. The Federal Reserve System regards the individual bank information provided by each respondent as confidential. A summary of aggregated survey results will be published.

February 7, 2019

Senior Financial Officer Survey
The Board of Governors of the Federal Reserve System (Board), under delegated authority from the Office of Management and Budget (OMB), is conducting a Senior Financial Officer Survey (FR 2023; OMB No. 7100-0223) in collaboration with the Federal Reserve Bank of New York. Similar to the survey conducted in September 2018 (PDF), the purpose of this survey is to systematically gather views from a number of banking organizations concerning their reserve balance management strategies and practices.

The survey is voluntary and will be distributed to banking organizations that represent a range of asset sizes and business models. All answers will be used solely for analytical, not supervisory, purposes. The Federal Reserve System regards the individual bank information provided by each respondent as confidential. A summary of aggregated survey results will be published.

August 29, 2018

2018 Senior Financial Officer Survey
The Board of Governors of the Federal Reserve System (Board), under delegated authority from the Office of Management and Budget (OMB), is conducting a Senior Financial Officer Survey (FR 2023; OMB No. 7100-0223) in collaboration with the Federal Reserve Bank of New York. Surveys conducted under FR 2023 have been used intermittently to obtain information about deposit pricing and behavior, bank liability management, the provision of financial services, and reserve management strategies and practices.

The purpose of this survey is to gather views systematically from a number of banks concerning their reserve balance management strategies and practices. Survey questions ask senior financial officers from each responding bank to identify the approximate lowest level of their institutions' reserve balances that they would feel comfortable holding before taking actions to increase their reserve balance levels. The survey also asks about the various factors that drive this determination, how a shift in short-term interest rates would change this level, and the likelihood of choosing different liabilities to rebuild a reserve position. The survey is voluntary. It will be distributed to banks that represent a range of asset sizes and business models. All answers will be used solely for internal analytical, not supervisory, purposes. The Federal Reserve System regards the individual bank information provided by each respondent as confidential. A summary of aggregated survey results will be published by the end of the year.

Back to Top
Last Update: March 19, 2021