National Survey of Unbanked and Underbanked Households

Forms and Documents

Document Name	Status
Form FDIC Form 6494/03 National Survey of Unbanked and Underbanked Households (English Version) Form and Instruction	New
Attachment D - Current Population Survey Design & Methodology.pdf Supplementary Document	2008-08-22
Attachment C2 - Fact Sheet.pdf Supplementary Document	2008-08-22
Attachment C1 - Confidentiality Brochure.pdf Supplementary Document	2008-08-22
Attachment B - Advance Letter.pdf Supplementary Document	2008-08-22
SPST_unbankedpopulationsurvey_Part_B_(Modified 12-3-08).doc Supporting Statement B	2008-12-04
SPST unbankedpopulationsurvey Part A(Final).doc Supporting Statement A	2008-08-22
Attachment A2- Unbanked and Underbanked Survey Questionnaire Spanish .doc Supplementary Document	2008-08-21

IC Document Collections

IC ID	Document Title	Status
186195	National Survey of Unbanked and Underbanked Households (English Version) Form and Instruction	New

ICR Details

OMB Control No: 3064-0167	ICR Reference No: 200808-3064-002
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: FDIC	Agency Tracking No:
Title: National Survey of Unbanked and Underbanked Households
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/05/2008
	Date Received in OIRA: 08/22/2008
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2011	36 Months From Approved
Responses	54,000	0	0
Time Burden (Hours)	9,000	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: This survey will be administered as a supplement to the Bureau of the Census' Current Population Survey in January 2009 in response to a statutory mandate in section 7 of the Federal Deposit Insurance Reform Conforming Amendments Act of 2005 (Pub. L. 109-1730). The survey will collect data on unbanked (those who do not have an account at a bank or credit union) and underbanked (those who have a deposit account but who also rely on alternative, non-bank financial service providers for transaction or credit services)individuals.

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Authorizing Statute(s): PL: Pub.L. 109 - 173 7 Name of Law: Federal Deposit Insurance Reform Conforming Amendments Act of 2005
  

Citations for New Statutory Requirements: PL: Pub.L. 109 - 173 7 Name of Law: Federal Deposit Insurance Reform Conforming Amendments Act of 2005

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 28824	05/19/2008
30-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 49672	08/22/2008
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
National Survey of Unbanked and Underbanked Households (English Version)	Not yet assigned., FDIC Form 6494/03 (12/08), Not Yet Assigned	National Survey of Unbanked and Underbanked Households ,   FDIC Household Survey of the Unbanked and Underbanked ,   FDIC Household Survey of the Unbanked and Underbanked

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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	54,000	0	54,000	0	0	0
Annual Time Burden (Hours)	9,000	0	9,000	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: This increase in burden is the result of a statutory mandate that the FDIC, among other things, estimate the size and worth of the unbanked market in the United States and identify the cultural, language and identification issues and transaction costs that most prevent unbanked individuals from establishing conventional accounts.

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Annual Cost to Federal Government: $750,000

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]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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: 08/22/2008

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