Justification Memo - FDIC Minority Depository Institution (MDI) Technical Assistance/Education and Training Survey

Federal Deposit Insurance Corporation

550 17th Street NW, Washington, D.C. 20429-9990

550 17th Street NW, Washington, D.C. 20429-9990

June 20, 2019

 

Memorandum to: William E. Bestani

Policy Analyst

Office of Information and Regulatory Affairs

Office of Management and Budget

Executive Office of the President                            

                                    

From: Manny Cabeza

Regulatory Counsel

Assessments and Legislation Group

Legal Division

Federal Deposit Insurance Corporation      

     

RE: FDIC Minority Depository Institution (MDI) Technical Assistance/Education and Training Survey

Under the generic clearance entitled, “Information Collection for Qualitative Research” (3064-0198), the FDIC hereby submits for OMB review the generic survey “FDIC Minority Depository Institution Technical Assistance/Education and Training Survey.” This is a generic survey, which is a qualitative research effort by FDIC staff, will be distributed by hand at our June 2019 Interagency MDI & Community Development Financial Institution Bank Conference for completion. In addition, the survey will be mailed to applicable MDIs that may not be able to attend the conference.

The purpose of the survey is to receive feedback from the approximately 98 MDIs for which the FDIC is the primary regulator, to ensure that technical assistance, other education and outreach initiatives, and the MDI Program website is effective at providing tools and resources for MDIs to promote and preserve their mission. The convenience sampling employed for this survey does not produce statistically valid and reliable estimates for the entire population of FDIC insured regulatory institutions. Instead, the survey will yield anecdotal information about the experiences and opinions of the MDIs who respond to the survey.

The FDIC recognizes the importance of minority depository institutions and has historically taken steps to preserve and encourage minority ownership of insured depository institutions. In addition, the FDIC supports five statutory goals to promote and preserve these institutions. As a result, the Corporation is committed to ensuring that all available resources are of the highest quality and are well known by our institutions. In addition, the Corporation is committed to regularly assessing the effectiveness of our MDI Program and making improvements when necessary. We will use the results from this survey to compile general observations of the effectiveness of the technical assistance being provided to our institutions. The survey will also identify any best practices to build upon or any potential areas that may require attention.

Institutions will be asked (1) their minority ownership status/classification (2) level of awareness of the FDIC website dedicated to MDIs (3) level of usefulness of the website; (4) level of awareness of educational and training events available; (5) their participation in and the level of usefulness of educational and training events; (6) to rate the overall quality of the education and training events; (7) the level of awareness of technical assistance opportunities; (8) if they have received any technical assistance in the previous 3 years; (9) if yes, how useful was the provided assistance in assisting in bank operations; (10) if the technical assistance was specific to the institution’s needs; (11) to rate the overall quality of the technical assistance provided; (12) how likely they are to request technical assistance again; (13) how likely are they to attend education and training events hosted by the FDIC again; (14) what did they like most about the technical assistance; and (15) what aspects of the technical assistance process could be improved.

To get timely feedback on the technical assistance and education/training provided to minority depository institutions, hard copies of this survey will be distributed to institution representatives attending the conference in which the FDIC is the primary regulator. In addition, to gain as much information as possible, we will mail the survey to representatives of the institutions that are not in attendance.

Estimated burden:

Annual Estimated Number of respondents: 98

Estimated Time per response: 8 minutes

Total Estimated Annual Burden: 13 hours

Total estimated annual burden for the collection of this information is 13 hours.

If you have any questions, please let me know. Thank you for your consideration.