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:
7100-0332
ICR Reference No:
201910-7100-007
Status:
Historical Active
Previous ICR Reference No:
201705-7100-011
Agency/Subagency:
FRS
Agency Tracking No:
FR 3054
Title:
Payment Systems Surveys
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Delegated
OIRA Conclusion Action:
Approved without change
Conclusion Date:
11/15/2019
Retrieve Notice of Action (NOA)
Date Received in OIRA:
11/15/2019
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
11/30/2022
36 Months From Approved
05/31/2020
Responses
23,850
0
21,350
Time Burden (Hours)
20,400
0
19,150
Cost Burden (Dollars)
0
0
0
Abstract:
The Payments Systems Surveys are used to obtain information specifically tailored to the Federal Reserve’s operational and fiscal agency responsibilities. The Payments Systems Surveys family of surveys is currently comprised of the following: • Ad Hoc Payments Systems Survey (FR 3054a), • Currency Quality Sampling Survey (FR 3054b), • Currency Quality Survey (FR 3054c), and • Currency Functionality and Perception Survey (FR 3054d)
Authorizing Statute(s):
US Code:
12 USC 248a
Name of Law: Federal Reserve Act
US Code:
12 USC 342
Name of Law: Federal Reserve Act
US Code:
12 USC 248(d)
Name of Law: Federal Reserve Act
US Code:
12 USC 411
Name of Law: Federal Reserve Act
US Code:
12 USC 412
Name of Law: Federal Reserve Act
US Code:
12 USC 413
Name of Law: Federal Reserve Act
US Code:
12 USC 414
Name of Law: Federal Reserve Act
US Code:
12 USC 415
Name of Law: Federal Reserve Act
US Code:
12 USC 416
Name of Law: Federal Reserve Act
US Code:
12 USC 417
Name of Law: Federal Reserve Act
US Code:
12 USC 421
Name of Law: Federal Reserve 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:
84 FR 29203
06/21/2019
30-day Notice:
Federal Register Citation:
Citation Date:
84 FR 50844
09/26/2019
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
5
IC Title
Form No.
Form Name
Ad Hoc Payments Systems Survey
Currency Education Usability Survey
Currency Functionality and Perception Survey
FR 3054d, FR 3054d
Currency Functionality and Perception Survey (General)
,
Currency Functionality and Perception Survey (Specialized)
Currency Quality Sampling Survey
FR 3054b
Currency Quality Sampling Survey
Currency Quality Survey
FR 3054c
Currency Quality Survey
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
23,850
21,350
0
2,500
0
0
Annual Time Burden (Hours)
20,400
19,150
0
1,250
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:
The estimated total annual burden for the FR 3054 is 19,150 hours. The adopted revisions result in a net increase in burden of 1,250 hours.
Annual Cost to Federal Government:
$36,000
Does this IC contain surveys, censuses, or employ statistical methods?
Yes
Part B of Supporting Statement
Does this ICR request any personally identifiable information (see
OMB Circular No. A-130
for an explanation of this term)? Please consult with your agency's privacy program when making this determination.
No
Does this ICR include a form that requires a Privacy Act Statement (see
5 U.S.C. §552a(e)(3)
)? Please consult with your agency's privacy program when making this determination.
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:
Jennifer Williams 202 452-2446 jennifer.l.williams@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:
11/15/2019
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