Generic Clearance for Prize Competition Participation

ICR 201909-3064-003

OMB: 3064-0211

Federal Form Document

ICR Details
3064-0211 201909-3064-003
Active
FDIC
Generic Clearance for Prize Competition Participation
New collection (Request for a new OMB Control Number)   No
Regular
Approved without change 10/17/2019
Retrieve Notice of Action (NOA) 09/12/2019
  Inventory as of this Action Requested Previously Approved
10/31/2022 36 Months From Approved
1,500 0 0
30,000 0 0
0 0 0

The FDIC plans to periodically conduct prize competitions under authority of Section 24 of the Stevenson-Wydler Technology Innovation Act of 1980 and the Federal Deposit Insurance Act. The prize competitions usually do not involve more than 300 respondents, generally do not require more than 20 hours per respondent, and are always completely voluntary in nature. It is not contemplated that more than 5 such prize competitions will be conducted in any given year. The purpose of the prize competitions is, in general terms, to obtain information involving a variety of topics and challenges associated with: underserved communities and financial inclusion; consumer protection; the FDIC’s use of information technology and data (including artificial intelligence and machine learning); and financial and technologically-driven innovation in banking.

PL: Pub.L. 96 - 480 24 Name of Law: Stevenson-Wydler Technology Innovation Act of 1980
   US Code: 12 USC 1811 et seq. Name of Law: Federal Deposit Insurance Act
  
None

Not associated with rulemaking

  84 FR 29861 06/25/2019
84 FR 48143 09/12/2019
Yes

0

  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 1,500 0 0 1,500 0 0
Annual Time Burden (Hours) 30,000 0 0 30,000 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
This is a request for a new generic information collection.

$0
No
    No
    No
No
No
No
Uncollected
Jennifer Jones 202 551-5776 jonesjen@sec.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.
09/12/2019


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