Interchange Transaction Fees Surveys

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form FR 3064b Payment card network survey (FR 3064b)	Form and Instruction	Modified	Available
Form FR 3064a Debit card issuer survey (FR 3064a)	Form and Instruction	Modified	Available
FR3064a_b_20140115_omb.docx	Supporting Statement A	Uploaded 2014-01-15	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
199496	Payment card network survey (FR 3064b)	Form and Instruction	Modified
199495	Debit card issuer survey (FR 3064a)	Form and Instruction	Modified

ICR Details

OMB Control No: 7100-0344	ICR Reference No: 201401-7100-006
Status: Historical Active	Previous ICR Reference No: 201311-7100-015
Agency/Subagency: FRS	Agency Tracking No: FR 3064a and b
Title: Interchange Transaction Fees Surveys
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/29/2014
	Date Received in OIRA: 01/29/2014
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2017	36 Months From Approved	12/31/2014
Responses	576	0	576
Time Burden (Hours)	112,950	0	90,630
Cost Burden (Dollars)	0	0	0

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Abstract: 1. The debit card issuer survey (FR 3064a) collects data from issuers of debit cards (including general-use prepaid cards) that, together with affiliates, have assets of $10 billion or more, including information regarding the volume and value of debit card (including general-use prepaid card) transactions, costs of authorization, clearance, and settlement of debit card transactions, associated interchange fees, payments, and incentives paid by networks to issuers, and the incidence of and losses due to debit card fraud. 2. The payment card network survey (FR 3064b) collects data from payment card networks including the volume and value of debit card (including general-use prepaid card) transactions; associated interchange fees; network fees; and payments and incentives paid by networks to acquirers, merchants, and issuers.

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Authorizing Statute(s): US Code: 5 USC 552(b)(4) Name of Law: Freedom of Information Act
   US Code: 15 USC 1693o-2(a)(3)(B) Name of Law: The Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act
  

Citations for New Statutory Requirements: US Code: 15 USC 1693o-2(a)(3)(B) Name of Law: he Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act

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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
60-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 62352	10/18/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 2659	01/15/2014
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 2

table that charts list of burden

IC Title	Form No.	Form Name
Debit card issuer survey (FR 3064a)	FR 3064a	2013 DEBIT CARD ISSUER SURVEY
Payment card network survey (FR 3064b)	FR 3064b	2013 PAYMENT CARD NETWORK SURVEY (FR 3064b)

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ICR Summary of Burden

table that charts list 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	576	576	0	0	0	0
Annual Time Burden (Hours)	112,950	90,630	0	22,320	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: The Federal Reserve proposes to revise the debit card issuer survey (FR 3064a) to collect data on costs of authorization, clearance, and settlement broken out by variable costs and fixed costs, and to instruct respondents to exclude transactions monitoring from the calculation of costs of authorization, clearance, and settlement. In addition, the Federal Reserve proposes that, for the data collection for calendar year 2013, the survey be made available to respondents by February 3, 2014, with a filing deadline of March 17, 2014. The Federal Reserve proposes to revise the payment card network survey (FR 3064b) to collect data on exempt general-use prepaid card transactions broken out between transactions using cards issued by an issuer that qualifies for the small issuer exemption and transactions using cards issued by a non-exempt issuer. In addition, the Federal Reserve proposes to modify the confidentiality status of the FR 3064b allowing for the public release of more data at the network level, specifically, average transaction values, and proportions of transactions for exempt and not-exempt issuers for each network. Lastly, the Federal Reserve proposes to make several clarifications throughout both surveys and delete data items applicable to specific timeframes no longer relevant. The proposed revisions to both surveys would be effective for the collection of calendar year 2013 data, collected as of December 31, 2013.

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Annual Cost to Federal Government: $172,500

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]? No

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

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

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: 01/29/2014

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