Justification Memo 2020 SF MDI Virtual Roundtable Feedback Survey

Federal Deposit Insurance Corporation

25 Jessie Street, San Francisco, CA 94105

September 2, 2020

 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: 2020 San Francisco Minority Depository Institution (MDI) Virtual Roundtable Feedback Survey

Under the generic clearance entitled, “Occasional Qualitative Surveys” (3064-0127), the FDIC hereby submits for OMB review the generic survey “2020 San Francisco Minority Depository Institution (MDI) Virtual Roundtable Feedback Survey.”

The purpose of the survey is to receive feedback from the approximately 30 MDIs for which the FDIC is the primary regulator, to ensure that the event is effective at providing tools and resources for MDIs to promote and preserve their institutions. 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.

FDIC will use the results from this survey to compile general observations of the effectiveness of the training and outreach. The survey will also identify any best practices to build upon or any potential areas that may require attention. The survey includes 10 questions focused on the usefulness of education/training provided during the roundtable and what aspects of the technical assistance, education and training, and outreach efforts could be improved within the region.

To get timely feedback from the minority depository institutions, the survey will be sent out electronically and bankers will access the survey via a link on the MDI Program external website.

Estimated Number of respondents: 30

Estimated Time per response: 7 minutes

Total Estimated Burden: 3 hours

Total estimated annual burden for the collection of this information is 3 hours.

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