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:
7100-0355
ICR Reference No:
202301-7100-004
Status:
Active
Previous ICR Reference No:
202003-7100-003
Agency/Subagency:
FRS
Agency Tracking No:
FR 3067
Title:
Payments Research Survey
Type of Information Collection:
Extension without change of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Delegated
OIRA Conclusion Action:
Approved without change
Conclusion Date:
03/28/2023
Retrieve Notice of Action (NOA)
Date Received in OIRA:
03/28/2023
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
03/31/2026
36 Months From Approved
03/31/2023
Responses
20,000
0
20,000
Time Burden (Hours)
30,000
0
30,000
Cost Burden (Dollars)
0
0
0
Abstract:
The Board uses this collection to obtain information, as needed, on specific and time-sensitive issues, related to payments research. Respondents may comprise depository institutions; financial and nonfinancial businesses; for-profit and nonprofit enterprises; federal, state, and local governments; individual consumers; or households. The Board may conduct various surveys under this collection, as needed, all of which would be voluntary. The frequency and content of the questions depend on changing economic, regulatory, supervisory, or legislative developments.
Authorizing Statute(s):
US Code:
12 USC 248-1
Name of Law: Federal Reserve Act
US Code:
12 USC 5461(b)
Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
US Code:
12 USC 4008(c)
Name of Law: Expedited Funds Availability Act
US Code:
15 USC 1693b
Name of Law: Electronic Fund Transfer Act
US Code:
15 USC 1693o-2
Name of Law: Electronic Fund Transfer Act
US Code:
12 USC 1867
Name of Law: Bank Service Company Act
US Code:
12 USC 5014
Name of Law: Check Clearing for the 21st Century Act
US Code:
12 USC 225a
Name of Law: Federal Reserve Act
US Code:
12 USC 248
Name of Law: Federal Reserve Act
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 360
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:
87 FR 56677
09/15/2022
30-day Notice:
Federal Register Citation:
Citation Date:
88 FR 5340
01/27/2023
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
3
IC Title
Form No.
Form Name
Individual consumers or households
Private sector
State and local government agencies
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
20,000
20,000
0
0
0
0
Annual Time Burden (Hours)
30,000
30,000
0
0
0
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
Annual Cost to Federal Government:
$0
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.
Yes
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?
No
Agency Contact:
Richard Palmer 202 502-8438 Richard.Palmer@ferc.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:
03/28/2023
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