Ongoing Intermittent Survey of Households

ICR 201709-7100-001

OMB: 7100-0150

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2017-10-31
ICR Details
7100-0150 201709-7100-001
Historical Active 201408-7100-005
FRS FR 3016
Ongoing Intermittent Survey of Households
Revision of a currently approved collection   No
Delegated
Approved without change 10/31/2017
Retrieve Notice of Action (NOA) 10/31/2017
  Inventory as of this Action Requested Previously Approved
10/31/2020 36 Months From Approved 10/31/2017
6,000 0 8,700
158 0 633
0 0 0

The Board uses this voluntary survey to obtain household-based information specifically tailored to the Board’s policy, regulatory, and operational responsibilities. The Board primarily uses the survey to study consumer financial decisions, attitudes, and payment behavior. Currently, the University of Michigan’s Survey Research Center (SRC) includes survey questions on behalf of the Board in an addendum to their regular monthly Survey of Consumer Attitudes and Expectations. The SRC conducts the survey by telephone with a sample of 500 households and asks questions of special interest to the Board.

US Code: 12 USC 225a Name of Law: Federal Reserve Act
   US Code: 12 USC 263 Name of Law: Federal Reserve Act
  
None

Not associated with rulemaking

  82 FR 23249 05/22/2017
82 FR 39433 08/18/2017
No

1
IC Title Form No. Form Name
Ongoing Intermittent Survey of Households
DCCA (Non-SRC surveys)
Other Divisions
DCCA

  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 6,000 8,700 0 -2,700 0 0
Annual Time Burden (Hours) 158 633 0 -475 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
The current annual respondent burden for the Board’s SRC and Non-SRC surveys is estimated to be 633 hours, and would decrease by 475 hours to 158 hours with the proposed revisions. The Board proposes to eliminate the Division of Consumer and Community Affairs (DCCA) and other divisions’ SRC surveys, as well as the non-SRC surveys in this information collection, as these surveys have not been conducted since 2010 and are not expected to be utilized in the next several years.

$93,798
No
    No
    No
No
No
No
Uncollected
Jennifer Williams 202 452-2446 jennifer.l.williams@frb.gov

  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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
10/31/2017


© 2024 OMB.report | Privacy Policy