This would be the thirteenth triennial
SCF since 1983, the beginning of the current series. This survey is
the only source of representative information on the structure of
U.S. families’ finances. The survey would collect data on the
assets, debts, income, work history, pension rights, use of
financial services, and attitudes of a sample of U.S. families.
Because the ownership of some assets is relatively concentrated in
a small number of families, the survey would make a special effort
to ensure proper representation of such assets by systematically
oversampling wealthier families. The Board proposes to conduct (1)
up to 150 interviews averaging about 90 minutes (main pretest) to
be obtained in a test or series of tests of the survey procedures
in 2018 and (2) up to 7,000 interviews averaging about 90 minutes
(main survey) between April 2019 and March 2020. The surveys would
be conducted by an outside contractor. The pretest and the main
survey would be collected using a computer program; thus, there is
no hardcopy version of the questionnaire other than the text of the
computer program. The wording of the survey questions would be
modified to reflect the outcome of the pretest, but it is
anticipated that such changes would be relatively small.
US Code:
12
USC 263 Name of Law: Federal Reserve Act
US Code: 12
USC 225a Name of Law: Federal Reserve Act
Lois Lawrence 202-452-2984
Lois.D.Lawrence@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.