1525-0012-0171 - Price Elasticity Survey

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
REVISED - Emergency Submissiono 1525-0012-0171 OMB price elasticity justification B 4 2012 6-14-12.docx	Supporting Statement B	Uploaded 2012-06-16	Repair queued
REVISED - Emergency Submissiono 1525-0012-0171 OMB price elasticity justification A 4 2012 6-14-12.docx	Supporting Statement A	Uploaded 2012-06-16	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
202761	1525-0012-0171 Price Elasticity	Other-survey	New

ICR Details

OMB Control No:	ICR Reference No: 201206-1525-001
Status: Historical Inactive	Previous ICR Reference No:
Agency/Subagency: TREAS/MINT	Agency Tracking No:
Title: 1525-0012-0171 - Price Elasticity 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: 06/29/2012
OIRA Conclusion Action: Withdrawn	Conclusion Date: 07/19/2012
	Date Received in OIRA: 06/21/2012
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date		6 Months From Approved
Responses	0	0	0
Time Burden (Hours)	0	0	0
Cost Burden (Dollars)	0	0	0

---

Abstract: This clearance will allow the United States Mint to comply with Executive Order 12862 and assist us in fulfilling our mission. The mission of the United States Mint is to manufacture the highest quality circulating, numismatic, and bullion coins at the lowest possible cost and to deliver them in a timely manner…to expand our markets through exceptional customer service, product development, and innovative marketing.

Emergency Justfication: This information collection will allow the United States Mint to comply with Executive Order 12862 and assist us in fulfilling our mission. The mission of the United States Mint is to manufacture the highest quality circulating, numismatic, and bullion coins at the lowest possible cost and to deliver them in a timely manner…to expand our markets through exceptional customer service, product development, and innovative marketing…to sell numismatic and bullion products at a reasonable price and profit, and to provide security over assets entrusted to us. The United States Mint is responsible for producing proof and uncirculated coins, commemorative coins and medals, and platinum, gold, and silver bullion coins, often in response to coin programs legislated by Congress in support of civic, philanthropic, and national organizations. To effectively accomplish the goals of these programs, it is crucial for the United States Mint to know and maintain awareness of customer preferences and needs and to continuously monitor customer satisfaction.

---

Authorizing Statute(s): EO: EO 12862 Name/Subject of EO: Setting Customer Standards
  

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

---

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

table that charts list of burden

IC Title	Form No.	Form Name
1525-0012-0171 Price Elasticity

---

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 information collection submission is not covered by OMB approved IC Generic Clearance for the United States Mint. The purpose of the information collection will enable the United States Mint to maintain high levels of customer satisfaction through offering products that are priced in accordance with customer demands. This study will help the Sales and Marketing Department better plan the production of these products by contributing to demand forecasts. Improving demand forecasts will directly result in improved cost-effectiveness of our numismatic operations. We will be less likely to produce excess inventory and cost overruns if products are priced correctly.

---

Annual Cost to Federal Government: $190,860

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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

---

Common Form ICR:  No

---

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: 06/21/2012

---