ONGOING INTERMITTENT SURVEYS OF HOUSEHOLDS

Forms and Documents

Document Name	Status

No forms / supporting documents in this ICR. Check IC Document Collections.

IC Document Collections

IC ID	Document Title	Status
161492	ONGOING INTERMITTENT SURVEYS OF HOUSEHOLDS Form	Migrated

ICR Details

OMB Control No: 7100-0150	ICR Reference No: 198202-7100-001
Status: Historical Active	Previous ICR Reference No: 198107-7100-001
Agency/Subagency: FRS	Agency Tracking No:
Title: ONGOING INTERMITTENT SURVEYS OF HOUSEHOLDS
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/08/1982
	Date Received in OIRA: 02/02/1982
Terms of Clearance: With the exception of several questions on the proposed survey, this request for clearance is approved for use through January 1985. Disapproved are essentially the "what if" questions--B59-B63 on money market funds as well as questions B12-B17 and B22-B27 on IRAs. The non-factual nature of these questions will allow the respondents to interpret the queries in a variety of ways. Given the hypothetical nature of the questions, it is also not clear how much serious thought respondents give to their answers. As a result of these problems, the "what if" questions appear to have little practical utility, which is one of the criteria OMB must consider under the Paperwork Reduction Ac in evaluating information collection requests. Since the responses to these questions are of undetermined value, there is no federal purpose in collecting the information. The request for approval has been granted for three years with the understanding that current procedures regarding submission and revisio of questions will continue to be followed. OMB must clear all questio before they are used in pretests by SRC. The Center in cooperation wi the FRB staff can make technical changes in the questions at any time that will clarify the respondents' understanding. The FRB must submit for approval, however, any changes in the substance of the questions o the addition of any new substantive questions.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/1985	01/31/1985	03/31/1982
Responses	8,400	0	4,200
Time Burden (Hours)	467	0	467
Cost Burden (Dollars)	0	0	0

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Abstract: THIS INFORMATION IS NEEDED BY FEDERAL RESERVE BOARD AND FEDERAL OPEN MARKET COMMITTEE TO ENHANCE INTERPRETATION OF MONETARY AGGREGATES AND EFFECTS OF MONETARY POLICY. THE BOARD ALSO REQUIRES THIS INFORMATION TO FULFILL ITS STATUTORY RESPONSIBILITIES TO ADMINISTER CONSUMER CREDI REGULATIONS.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
ONGOING INTERMITTENT SURVEYS OF HOUSEHOLDS	FR 3016

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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	8,400	4,200	0	4,200	0	0
Annual Time Burden (Hours)	467	467	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

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: 02/02/1982

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