Redesigned Currency, Benchmark Survey

Forms and Documents

Document Name	Status
PAPERWORK REDUCTION ACT SUBMISSION (statistical methods) - 8.25.07.doc Supporting Statement B	2007-08-28
PAPERWORK REDUCTION ACT SUBMISSION - 8.25.07.doc Supporting Statement A	2007-08-28

IC Document Collections

IC ID	Document Title	Status
181811	Redesigned Currency Benchmark Study Instruction	New

ICR Details

OMB Control No: 1520-0007	ICR Reference No: 200708-1520-001
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: TREAS/BEP	Agency Tracking No:
Title: Redesigned Currency, Benchmark Survey
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 08/30/2007
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/31/2007
	Date Received in OIRA: 08/28/2007
Terms of Clearance: Since the agency published a Federal Register notice on 5/25/07 seeking public comment for 60 days and received no comments, emergency approval is granted.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/29/2008	6 Months From Approved
Responses	5,300	0	0
Time Burden (Hours)	1,821	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The Bureau of Engraving and Printing requests approval to conduct a series of information collection activities with the public in support of its public education program regarding the introduction of redesigned currency. These collections will include: A survey used to establish baseline measures of awareness of currency changes, confidence in the currency and authentication behavior, and subsequent surveys to evaluate changes in these measures; a survey to evaluate potential messages designed to encourage the public to examine and learn currency security features; a survey to evaluate potential taglines that will help call attention to new security features while maintaining confidence in U.S. currency; and, a survey to test draft materials to be developed in support of the program. The collection will also include in-depth interviews with bank tellers and others who frequently conduct cash transactions as part of their job, to identify special needs and tools for their use.

Emergency Justfication: While the percentage of counterfeit U.S. currency surfacing worldwide remains small, any perceived tolerance of currency counterfeiting seriously undermines the broad government interest in maintaining the integrity of U.S. currency – the most stable currency in the world. For this reason, the U.S. government intends to introduce redesigned currency every seven to ten years. As a means to hamper production of currency counterfeits, advanced designs for U.S. currency have been developed that incorporate a number of new and enhanced design and security features. Additional design and security features are being considered for the redesigned $100 note. If such elements are incorporated into the notes, they will require specific attention as part of the public education communication messages. The Bureau plans to unveil the redesigned $100 bill in April of 2008. Given the multi-step survey process, we will need to begin conducting the first stages of the survey as quickly as possible in order to meet that deadline.

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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:
	Not associated with rulemaking

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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
Redesigned Currency Benchmark Study

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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	5,300	0	0	5,300	0	0
Annual Time Burden (Hours)	1,821	0	0	1,821	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: This is a new collection

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Annual Cost to Federal Government:

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

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: 08/28/2007

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