Payment Systems Surveys

Forms and Documents

Document Name	Status
Form FR 3054d Currency Functionality Survey (FR 3054d) Form	New
Form FR 3054c Currency Quality Survey (FR 3054c) Form and Instruction	New
Form FR 3054b Currency Quality Sampling Survey (FR 3054b) Form and Instruction	New
Form FR 3054a Ad Hoc Payment Systems Survey (FR 3054a) Form	New
FR 3054_20110318_omb.docx Supporting Statement A	2011-03-18

IC Document Collections

IC ID	Document Title	Status
195991	Currency Functionality Survey (FR 3054d) Form	New
195990	Currency Quality Survey (FR 3054c) Form and Instruction	New
195989	Currency Quality Sampling Survey (FR 3054b) Form and Instruction	New
195988	Ad Hoc Payment Systems Survey (FR 3054a) Form	New

ICR Details

OMB Control No: 7100-0332	ICR Reference No: 201101-7100-009
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: FRS	Agency Tracking No: FR 3054a, b, c, d
Title: Payment Systems Surveys
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/18/2011
	Date Received in OIRA: 03/18/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2014	36 Months From Approved
Responses	1,250	0	0
Time Burden (Hours)	17,550	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The Federal Reserve would use the event-driven FR 3054a survey to obtain information specifically tailored to the Federal Reserve’s operational and fiscal agency responsibilities. The FR 3054b would be an annual survey to assess the quality of currency in circulation . The FR 3054c would be a semi-annual survey to determine depository institutions’ and Banknote Equipment Manufacturers’ opinions of currency quality. The FR 3054d would be an annual survey to assess the functionality of Federal Reserve notes in banknote handling equipment. Respondents would comprise depository institutions and Banknote Equipment Manufacturers. The content of the questions would depend on changing economic, regulatory, supervisory, or legislative developments.

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Authorizing Statute(s): US Code: 5 USC 552(b)(4) Name of Law: Freedom of Information Act
   US Code: 12 USC 248(d) 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:
	75 FR 81607	12/28/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 13188	03/10/2011
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 4

IC Title	Form No.	Form Name
Currency Functionality Survey (FR 3054d)	FR 3054d	the Currency Quality Survey
Currency Quality Sampling Survey (FR 3054b)	FR 3054b	the Currency Quality Sampling Survey
Currency Quality Survey (FR 3054c)	FR 3054c	the Currency Quality Survey
Ad Hoc Payment Systems Survey (FR 3054a)	FR 3054a, FR 3054a	Government Prepaid Card Survey - Depository Institutions Survey ,   Government Prepaid Card Survey - State Government Survey

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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	1,250	0	0	1,250	0	0
Annual Time Burden (Hours)	17,550	0	0	17,550	0	0
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: No

Burden Reduction Due to:

Short Statement: The Board of Governors of the Federal Reserve System, under delegated authority from the Office of Management and Budget (OMB), proposes to implement the Payment Systems Surveys (FR 3054a,b,c, and d)

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

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

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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: 03/18/2011

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