2010 Survey of Consumer Finances

Forms and Documents

Document Name	Status
Form FR 3059 Business pre-survey (2010 Survey of Consumer Finances) Form and Instruction	Modified
Form FR 3059 Re-interview 2 (2010 Survey of Consumer Finances) Form and Instruction	New
Form FR 3059 Re-interview 1 (2010 Survey of Consumer Finances) Form and Instruction	New
Form FR 3059 Main survey (2010 Survey of Consumer Finances) Form and Instruction	New
Form FR 3059 Main pre-test (2010 Survey of Consumer Finances) Form and Instruction	New
FR2069_FR2416_FR2502q_FR2644_FR3059_RegK_20090312_ffr.pdf Supplementary Document	2009-04-09
FR2502q_FR3059_RegK_20081223_ifr.pdf Supplementary Document	2009-04-09
FR3059.20090409.omb.docx Supporting Statement A	2009-04-09
FR3059_SSB_20090320_omb.docx Supporting Statement B	2009-03-20

IC Document Collections

IC ID	Document Title	Status
36328	Business pre-survey (2010 Survey of Consumer Finances) Form and Instruction	Modified
188741	Re-interview 2 (2010 Survey of Consumer Finances) Form and Instruction	New
188740	Re-interview 1 (2010 Survey of Consumer Finances) Form and Instruction	New
188739	Main survey (2010 Survey of Consumer Finances) Form and Instruction	New
188402	Main pre-test (2010 Survey of Consumer Finances) Form and Instruction	New

ICR Details

OMB Control No: 7100-0287	ICR Reference No: 200903-7100-008
Status: Historical Active	Previous ICR Reference No: 199802-7100-006
Agency/Subagency: FRS	Agency Tracking No: FR 3059
Title: 2010 Survey of Consumer Finances
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/10/2009
	Date Received in OIRA: 04/10/2009
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2012	36 Months From Approved
Responses	7,480	0	0
Time Burden (Hours)	9,322	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: This survey collects data on the assets, debts, income, work history, pension rights, use of financial services, and attitudes of a sample of U.S. families. The survey is the only source of representative information on the structure of finances of U.S. families.

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Authorizing Statute(s): US Code: 12 USC 225a and 263 Name of Law: Federal Reserve Act
  

Citations for New Statutory Requirements: None

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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 78797	12/23/2008
30-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 10739	03/12/2009
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 5

IC Title	Form No.	Form Name
Business pre-survey (2010 Survey of Consumer Finances)	FR 3059	Business Pre-survey
Re-interview 1 (2010 Survey of Consumer Finances)	FR 3059	2010 Survey of Consumer Finances (Sample)
Main survey (2010 Survey of Consumer Finances)	FR 3059	2010 Survey of Consumer Finances (Sample)
Re-interview 2 (2010 Survey of Consumer Finances)	FR 3059	2010 Survey of Consumer Finances (Sample)
Main pre-test (2010 Survey of Consumer Finances)	FR 3059	2010 Survey of Consumer Finances (Sample)

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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	7,480	0	0	2,880	0	4,600
Annual Time Burden (Hours)	9,322	0	0	2,422	0	6,900
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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: Authority is being requested to conduct: (1) up to 30 interviews averaging about 15 minutes (business pretest) to evaluate a new set of questions on the finances of small businesses in 2009; (2) up to 150 interviews averaging about 75 minutes (main pretest) to be obtained in a series of tests of the survey procedures in 2009; (3) up to 7,000 interviews averaging about 75 minutes (main survey) between May 2010 and March 2011; (4) up to 150 re-interviews averaging about 75 minutes (re-interview 1) in 2011 with participants from the main survey; and (5) up to 150 re-interviews averaging about 75 minutes (re-interview 2) in 2012 with participants from the main survey. The surveys would be conducted by a survey research organization selected through a competitive process.

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Annual Cost to Federal Government: $10,000,000

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)? No

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: 04/10/2009

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