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May 26 -- The Board of Governors of the Federal Reserve System (Board) invites comment by July 26, 2021 on a proposal to extend for three years, without revision, the periodic Policy Impact Survey.
The Policy Impact Survey (FR 3075) collects information from certain types of institutions regulated by the Board in order to assess the effects of proposed, pending, or recently adopted policy changes at the domestic and international levels. Respondents include bank holding companies (BHCs), savings and loan holding companies (SLHCs), any nonbank financial company that the Financial Stability Oversight Council has determined should be supervised by the Board, and the combined domestic operations of foreign banking organizations.  
The Board uses FR 3075 to collect information used for certain quantitative impact studies (QISs) sponsored by financial stability bodies such as the Basel Committee on Banking Supervision (BCBS) and the Financial Stability Board (FSB). As an active participant in a number of international prudential standard-setting and financial stability bodies, such as the BCBS and FSB, the Board frequently participates in surveys sponsored by these and other similar bodies that are designed to test, calibrate, or monitor new and potential changes to regulatory policy so that the impact of policy changes on domestic institutions can be appropriately evaluated prior to their proposal. QISs cover a wide range of topics and can involve one-time ad hoc collections or repetitive iterations of the same or similar collections for the purposes of constructing a time series. Recent QISs have captured data related to capital, leverage, liquidity, counterparty credit risk, securitization, large exposures, and systemic risk. Recent collections have included the Basel III monitoring exercise, which monitors the global impact of the Basel III framework, the global systemically important bank (G-SIB) exercise, which assesses firms' systemic risk profiles, and a survey of the domestic systemic risk footprint of large foreign banking organizations.
Based on past use of the FR 3075, the Board estimates that the survey would be conducted approximately 7 times per year, with an average of 14 respondents per survey. Estimated average hours per response: 700. Since the collected data may change from survey to survey, there is no fixed reporting form.
As the questions asked on each survey will vary, the Board's ability to keep confidential responses to the FR 3075 must therefore be determined on a case-by-case basis. Aggregate survey information from the FR 3075 is not considered confidential and may be cited in published material such as Board studies or working papers, proposed or final rules, professional journals, the Federal Reserve Bulletin, testimony and reports to the Congress, or other vehicles.
FR notice inviting public comment: https://www.federalregister.gov/documents/2021/05/26/2021-11138/proposed-agency-information-collection-activities-comment-request
Draft FR 3075 supporting statement: https://www.federalreserve.gov/reportforms/formsreview/FR_3075_OMB_SS.pdf

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