Senior Financial Officer Survey
Announcements
September 20, 2024
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 balance sheet management. The survey asks about banks’ reserve balance management strategies and practices, their expectations for potential changes in both the size and composition of their balance sheets, their deposit pricing strategies, and their views regarding Federal Reserve facilities.
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.
March 22, 2024
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 balance sheet management. The survey asks about banks’ reserve balance management strategies and practices, their expectations for potential changes in both the size and composition of their balance sheets, and their deposit pricing strategies.
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.
December 15, 2023
Senior Financial Officer Survey
The Federal Reserve Board has posted historical Senior Financial Officer Survey reports for survey conducted in March 1990, August 1991, and March 1992. Additional historical reports will be posted occasionally following conversion to current publishing formats.
September 22, 2023
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 balance sheet management. The survey asks about banks’ reserve balance management strategies and practices, their expectations for potential changes in both the size and composition of their balance sheets, and their deposit pricing strategies. The survey also asks banks for their views regarding the establishment of a standing repo facility.
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.
May 5, 2023
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 balance sheet management. The survey asks about banks’ reserve balance management strategies and practices, their deposit pricing strategies, their expectations for potential changes in both the size and composition of their balance sheets, and their views regarding Federal Reserve facilities.
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.
November 4, 2022
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 balance sheet management. The survey asks about banks’ reserve balance management strategies and practices, their deposit pricing strategies, and their expectations for potential changes in both the size and composition of their balance sheets.
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.
May 13, 2022
Senior Financial Officer Survey
The Federal Reserve Board has posted a historical Senior Financial Officer Survey report for a survey conducted in March 1993. Additional historical reports will be posted occasionally following conversion to current publishing formats.
May 6, 2022
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 balance sheet management. The survey asks about banks’ expectations for potential changes in both the size and composition of their balance sheets over the remainder of the year, including more specific questions about deposit pricing strategies. Lastly, the survey includes new questions about digital innovation, including distributed ledger technology and cryptoasset related products and services.
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.
November 5, 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. The survey also asks about banks’ wholesale funding market activity. In addition, the survey includes new questions about the establishment of a standing repo facility.
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.
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.