National Survey of Unbanked and Underbanked Households

Forms and Documents

Document Name	Status
Form FDIC Form No. 6494 National Survey of Unbanked and Underbanked Households (English Version) Form and Instruction	Modified
75 FR 71436 30 day.pdf Supplementary Document	2010-11-23
SPST_0167_Part_A(2010).doc Supporting Statement A	2010-11-17
SPST_unbank_pop_svy_Pt_B 2010.doc Supporting Statement B	2010-11-17

IC Document Collections

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

ICR Details

OMB Control No: 3064-0167	ICR Reference No: 201008-3064-006
Status: Historical Active	Previous ICR Reference No: 200808-3064-002
Agency/Subagency: FDIC	Agency Tracking No:
Title: National Survey of Unbanked and Underbanked Households
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 02/28/2011
	Date Received in OIRA: 11/23/2010
Terms of Clearance: Per OMB suggestion, changes were made to the survey instrument to now include a question to determine whether a lack of trust in banks is a possible reason for why an individual does not have a bank account.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2014	36 Months From Approved	12/31/2011
Responses	46,500	0	54,000
Time Burden (Hours)	7,750	0	9,000
Cost Burden (Dollars)	0	0	0

---

Abstract: This survey will be administered as a supplement to the Bureau of the Census' Current Population Survey in June 2011 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.

---

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

---

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:
	75 FR 20357	04/19/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 71437	11/23/2010
Did the Agency receive public comments on this ICR? Yes

---

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

IC Title	Form No.	Form Name
National Survey of Unbanked and Underbanked Households (English Version)	FDIC Form No. 6494/03, 6494/03	National Survey of Unbanked and Underbanked Households ,   National Survey of Unbanked and Underbanked Households (Revised 2/17/11)

---

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	46,500	54,000	0	0	-7,500	0
Annual Time Burden (Hours)	7,750	9,000	0	0	-1,250	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: Although the survey has been revised, the revisions are burden neutral with respect to the time per response. Nevertheless, the total burden decrease of -1250 hours is the result of an adjustment of -7500 in the estimated number of respondents. The adjustment to the number of respondents reflects the FDIC's assumption that the response rate for the June 2011 survey will be roughly equivalent to the 86% response rate for the January 2009 survey.

---

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]? 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

---

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: 11/23/2010

---