Payment Systems Surveys

Forms and Documents

Document Name	Status
Form FR 3054d Currency Functionality and Perception Survey Form and Instruction	Modified
Form FR 3054c Currency Quality Survey Form and Instruction	Modified
Form FR 3054b Currency Quality Sampling Survey Form and Instruction	Modified
FR3054_20191115_omb_B.pdf Supporting Statement B	2019-11-15
FR3054_20191115_omb.pdf Supporting Statement A	2019-11-15

IC Document Collections

IC ID	Document Title	Status
238342	Currency Education Usability Survey Other-Sample Survey	New
195991	Currency Functionality and Perception Survey Form and Instruction	Modified
195990	Currency Quality Survey Form and Instruction	Modified
195989	Currency Quality Sampling Survey Form and Instruction	Modified
195988	Ad Hoc Payments Systems Survey Other-Sample Survey	Modified

ICR Details

OMB Control No: 7100-0332	ICR Reference No: 201910-7100-007
Status: Active	Previous ICR Reference No: 201705-7100-011
Agency/Subagency: FRS	Agency Tracking No: FR 3054
Title: Payment Systems Surveys
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/15/2019
	Date Received in OIRA: 11/15/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2022	36 Months From Approved	05/31/2020
Responses	23,850	0	21,350
Time Burden (Hours)	20,400	0	19,150
Cost Burden (Dollars)	0	0	0

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Abstract: The Payments Systems Surveys are used to obtain information specifically tailored to the Federal Reserve’s operational and fiscal agency responsibilities. The Payments Systems Surveys family of surveys is currently comprised of the following: • Ad Hoc Payments Systems Survey (FR 3054a), • Currency Quality Sampling Survey (FR 3054b), • Currency Quality Survey (FR 3054c), and • Currency Functionality and Perception Survey (FR 3054d)

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Authorizing Statute(s): US Code: 12 USC 248a Name of Law: Federal Reserve Act
   US Code: 12 USC 342 Name of Law: Federal Reserve Act
   US Code: 12 USC 248(d) Name of Law: Federal Reserve Act
   US Code: 12 USC 411 Name of Law: Federal Reserve Act
   US Code: 12 USC 412 Name of Law: Federal Reserve Act
   US Code: 12 USC 413 Name of Law: Federal Reserve Act
   US Code: 12 USC 414 Name of Law: Federal Reserve Act
   US Code: 12 USC 415 Name of Law: Federal Reserve Act
   US Code: 12 USC 416 Name of Law: Federal Reserve Act
   US Code: 12 USC 417 Name of Law: Federal Reserve Act
   US Code: 12 USC 421 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:
	84 FR 29203	06/21/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 50844	09/26/2019
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 5

IC Title	Form No.	Form Name
Currency Education Usability Survey
Currency Functionality and Perception Survey	FR 3054d, FR 3054d	Currency Functionality and Perception Survey (General) ,   Currency Functionality and Perception Survey (Specialized)
Currency Quality Sampling Survey	FR 3054b	Currency Quality Sampling Survey
Currency Quality Survey	FR 3054c	Currency Quality Survey
Ad Hoc Payments Systems 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	23,850	21,350	0	2,500	0	0
Annual Time Burden (Hours)	20,400	19,150	0	1,250	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 estimated total annual burden for the FR 3054 is 19,150 hours. The adopted revisions result in a net increase in burden of 1,250 hours.

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Annual Cost to Federal Government: $36,000

Does this IC contain surveys, censuses, or employ statistical methods? Yes Part B of Supporting Statement

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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: 11/15/2019

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