View Information Collection Request (ICR) Package
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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
7100-0351
ICR Reference No:
201211-7100-006
Status:
Historical Active
Previous ICR Reference No:
Agency/Subagency:
FRS
Agency Tracking No:
FR 3066a,b,c, and d
Title:
Retail Payments Surveys
Type of Information Collection:
New collection (Request for a new OMB Control Number)
Common Form ICR:
No
Type of Review Request:
Delegated
OIRA Conclusion Action:
Approved without change
Conclusion Date:
12/26/2012
Retrieve Notice of Action (NOA)
Date Received in OIRA:
12/26/2012
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
12/31/2015
36 Months From Approved
Responses
1,730
0
0
Time Burden (Hours)
50,890
0
0
Cost Burden (Dollars)
0
0
0
Abstract:
The FR 3066a, FR 3066b, and FR 3066c are triennial surveys. The FR 3066d would be conducted annually or on occasion. These surveys are designed to collect information needed to support the Federal Reserve System's (FRS) role in the retail payments system. The FR 3066a and the FR 3066b collects information on the national volume (number and value) of major categories and subcategories of established and emerging methods of non cash payment from a nationally representative, stratified random sample of depository institutions, and from a census of payments networks, processors, and issuers. The FR 3066c collects data from samples of individual checks obtained from a sample of depository institutions. The FR 3066d collects payment volumes similar to those collected in the FR 3066a or the FR 3066b to obtain information about volumes and changes in volumes that may occur in the two years between triennial surveys from a subset of respondents.
Authorizing Statute(s):
US Code:
12 USC 248, 248a, 342, 248-1,360,411
Name of Law: Federal Reserve Act
US Code:
12 USC 324, 602, & 625, 225a, 263
Name of Law: Federal Reserve Act
US Code:
12 USC 1844(c) & 1467a(b)(3) & 5412
Name of Law: Bank Holding Company Act
US Code:
12 USC 3105(c)(2)
Name of Law: International Banking Act of 1978
US Code:
12 USC 1817(a)
Name of Law: Federal Deposit Insurance Act
US Code:
12 USC 4008
Name of Law: Expedited Funds Availability Act
US Code:
15 USC 1693b & 1693o-2
Name of Law: Electronic Fund Transfer Act
US Code:
15 USC 1604
Name of Law: Truth In Lending Act
US Code:
15 USC 5014
Name of Law: The Check Clearing for the 21st Century Act
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
77 FR 54912
09/06/2012
30-day Notice:
Federal Register Citation:
Citation Date:
77 FR 74187
12/13/2012
Did the Agency receive public comments on this ICR?
Yes
Number of Information Collection (IC) in this ICR:
4
IC Title
Form No.
Form Name
Check Sample Survey (FR 3066c)
FR 3066c
Check Sample Survey
Depository and Financial Institution Payments Survey (FR 3066a)
FR 3066a
Depository and Financial Institution Payments Survey
Network, Processor, and Issuer Payments Surveys (FR 3066b)
FR 3066b
Network, Processor, and Issuer Payments Surveys
Retail Payments Survey Supplement (FR 3066d)
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
1,730
0
0
1,730
0
0
Annual Time Burden (Hours)
50,890
0
0
50,890
0
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Miscellaneous Actions
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
Implementation of the Retail Payments Surveys (FR 3066a, b, c, and d)
Annual Cost to Federal Government:
$2,800,000
Does this IC contain surveys, censuses, or employ statistical methods?
Yes
Part B of Supporting Statement
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
John Schmidt 202-728-5859 john.schmidt@frb.gov
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
12/26/2012
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