Spst 0127 6-28-2010

SPST 0127 6-28-2010.DOC

Occasional Qualitative Surveys - 2011 Money Smart

OMB: 3064-0127

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SUPPORTING STATEMENT

Occasional Qualitative Surveys

3064-0127

(Renewal)



INTRODUCTION


The FDIC is requesting renewal of this approved collection to use occasional qualitative surveys to gather information from the public. In general, these surveys do not involve more than 850 respondents, do not require more than one hour per respondent, and are completely voluntary in nature. It is not contemplated that more than 15 such surveys will be conducted in any given year. The purpose of the surveys is, in general terms, to obtain anecdotal information about regulatory burden, problems or successes in the bank supervisory process (including both safety-and-soundness and consumer-related exams), the perceived need for regulatory or statutory change, and similar concerns. This collection expires July 31, 2010.


A. JUSTIFICATION


1. Circumstances and Need


The information in these surveys is anecdotal in nature, that is, samples are not necessarily random, the results are not necessarily representative of a larger class of potential respondents, and the goal is not to produce a statistically valid and reliable database. Rather, the surveys are expected to yield anecdotal information about the particular experiences and opinions of members of the public, primarily staff at respondent banks or bank customers.


2. Use of Information Collected


The information is used to improve the way FDIC relates to its clients, to develop agendas for regulatory or statutory change, and in some cases to simply learn how particular policies or programs are working, or are perceived in particular cases.


3. Use of Technology to Reduce Burden


Appropriate technology is used to minimize burden whenever possible.


4. Efforts to Identify Duplication


There is no duplication of reporting.


5. Minimizing the Burden on Small Banks


Care is taken to minimize the burden on small banks. One use of the information is to learn ways in which burden on small banks can be reduced.


6. Consequence of Less Frequent Collections


The frequency of collection is held to the absolute minimum.


7. Special Circumstances


None.


8. Consultation with Persons Outside the FDIC


The FDIC consults with the other banking agencies as needed or appropriate.


9. Payment or Gift to Respondents


None.


10. Confidentiality


No confidentiality issues anticipated.


11. Information of a Sensitive Nature


No questions of a sensitive nature are included in this collection.


12. Estimate of Annual Burden


850 respondents x 15 surveys x 1 hour = 12,750 hours.


13. Capital, Start-up, Operating and Maintenance Costs


None.


14. Estimates of Annualized Cost to the Federal Government


None.


15. Reason for Change in Burden


There is no change in burden.


16. Publication


There is no publication of the information reported.


17. Display of Expiration Date


Not applicable.


18. Exceptions to Certification


None.


B. STATISTICAL METHODS


Not applicable.




References

  1. First Federal Register notice: 75 FR 8076 (February 23, 2010)

  2. Second Federal Register notice: 75 FR 31787 (June 4, 2010)


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File TitleSUPPORTING STATEMENT
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File Modified2010-06-28
File Created2010-06-28

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