SUPPORTING STATEMENT
Occasional Qualitative Surveys
3064-0127
(Renewal)
INTRODUCTION
The FDIC is requesting renewal of this approved collection to use occasional qualitative surveys to gather information from the public. In general, these surveys do not involve more than 850 respondents, do not require more than one hour per respondent, and are completely voluntary in nature. It is not contemplated that more than fifteen such surveys will be conducted in any given year. The purpose of the surveys is, in general terms, to obtain anecdotal information about regulatory burden, problems or successes in the bank supervisory process (including both safety-and-soundness and consumer-related exams), the perceived need for regulatory or statutory change, and similar concerns. This collection expires May 31, 2007.
A. JUSTIFICATION
1. Circumstances and Need
The information in these surveys is anecdotal in nature, that is, samples are not necessarily random, the results are not necessarily representative of a larger class of potential respondents, and the goal is not to produce a statistically valid and reliable database. Rather, the surveys are expected to yield anecdotal information about the particular experiences and opinions of members of the public, primarily staff at respondent banks or bank customers.
2. Use of Information Collected
The information is used to improve the way FDIC relates to its clients, to develop agendas for regulatory or statutory change, and in some cases to simply learn how particular policies or programs are working, or are perceived in particular cases.
3. Use of Technology to Reduce Burden
Appropriate technology is used to minimize burden whenever possible.
4. Efforts to Identify Duplication
There is no duplication of reporting.
5. Minimizing the Burden on Small Banks
Care is taken to minimize the burden on small banks. One use of the information is to learn ways in which burden on small banks can be reduced.
6. Consequence of Less Frequent Collections
The frequency of collection is held to the absolute minimum.
7. Special Circumstances
None.
8. Consultation with Persons Outside the FDIC
The FDIC consults with the other banking agencies as needed or appropriate.
9. Payment or Gift to Respondents
None.
10. Confidentiality
No confidentiality issues anticipated.
11. Information of a Sensitive Nature
No questions of a sensitive nature are included in this collection.
12. Estimate of Annual Burden
850 respondents x fifteen surveys x one hour = 12,750 hours.
13. Capital, Start-up, Operating and Maintenance Costs
None.
14. Estimates of Annualized Cost to the Federal Government
12,750 responses x 1/3 hr per response = 4,250 hours x $30/hr = $127,000
(Note: this is not an increased cost to the government; it is included in salary expenses for staff already on board.)
15. Reason for Change in Burden
The entire increase of 4,250 hours (from 8,500 hours to 12,750 hours) is an adjustment due to an increase in the average number of surveys per year from 10 to 15.
16. Publication
There is no publication of the information reported.
17. Display of Expiration Date
Not applicable.
18. Exceptions to Certification
None.
B. STATISTICAL METHODS
Not applicable.
References
First Federal Register notice: 71 FR 46229 (August 11, 2006)
Second Federal Register notice: 71 FR 77397 (December 26, 2006)
| File Type | application/msword |
| Author | shanft |
| Last Modified By | shanft |
| File Modified | 2006-12-27 |
| File Created | 2004-04-14 |