Justification Memo - Automated Teller Machine (ATM) Stakeholder Focus Group Meetings

Federal Deposit Insurance Corporation

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

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

September 7, 2023

 

Memorandum to:        William E. Bestani

                                    Policy Analyst 

                                    Office of Information and Regulatory Affairs

                                    Office of Management and Budget

 

From:                Manny Cabeza

Regulatory Counsel

Assessments and Legislation Group

Legal Division

                                    Federal Deposit Insurance Corporation

 

RE: Automated Teller Machine (ATM) Stakeholder Focus Group Meetings

Under the FDIC generic clearance entitled “Generic Information Collection for Qualitative Research” (OMB Control Number 3064-0198; Expiration Date: January 31, 2024), the FDIC hereby submits for OMB review and approval its request for conducting stakeholder focus group meetings with entities with expertise related to Automated Teller Machines (ATMs).

The FDIC is seeking information to inform a rulemaking effort that relates in part to ATMs. These stakeholder meetings will help FDIC evaluate the rulemaking effort and potential implications for ATM owners and operators. Stakeholder meetings may include entities with different perspectives on the ATM industry, including areas related to policy, industry makeup, operational topics, hardware and software, as well as industry trends and other related topics. These meetings will be informal conversations and in some cases may involve technical feedback meant to help inform policy makers, guide the rulemaking processes, and to gather additional information. Participation in the focus group meetings is voluntary and participants will not be paid.

The FDIC estimates that it or its contractors will conduct approximately 5 meetings through 2023. FDIC estimates that there will be an average of 10 participants per meeting, which may average approximately 60 minutes each.

The estimated annual burden is as follows:

Estimated Number of Meetings 5

Estimated Average Number of Respondents per Meeting 10

Estimated Total Number of Respondents 50

Estimated Average time per response 60 minutes

Total Estimated Annual Burden: 50 hours

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