OMB returns the
collection as improperly submitted. The agency must provide a
better understanding of why the agency needs emergency processing
for the collection. The agency must also provide a better
understanding of the research questions it intends to answer with
the information collection and a more appropriate survey design
that reflects these research questions.
Inventory as of this Action
Requested
Previously Approved
6 Months From Approved
0
0
0
0
0
0
0
0
0
This survey is intended to solicit the
public's perspective regarding feedback the United States Mint has
received to date from its stakeholders on factors identified as a
result of the bureau's research and development efforts on
alternative metals for circulating United States coinage. This
collection activity will enable the Agency to prepare a
recommendation to "Assess the Future of Currency, Including the
Penny" which is a part of the President's 2015 budget.
Specifically, the President's 2015 budget includes the following
statement. "The production and circulation of currency in the
United States have been largely unchanged for decades, despite the
growth in electronic financial transactions. Treasury is
undertaking a comprehensive review of U. S. currency, including a
review of both the production and use of coins, in order to
efficiently promote commerce in the 21st Century. These studies
will analyze alternative metals, the United States Mint facilities,
and consumer behavior and preferences, and will result in the
development of alternative options for the penny and the
nickel."
This expedited review is
needed to enable the Agency to prepare a recommendation to “Assess
the Future of Currency, Including the Penny” which is a part of the
President’s 2015 budget. Specifically, the President’s 2015 budget
includes the following statement. “The production and circulation
of currency in the United States have been largely unchanged for
decades, despite the growth in electronic financial transactions.
Treasury is undertaking a comprehensive review of U. S. currency,
including a review of both the production and use of coins, in
order to efficiently promote commerce in the 21st Century. These
studies will analyze alternative metals, the United States Mint
facilities, and consumer behavior and preferences, and will result
in the development of alternative options for the penny and the
nickel.” (emphasis added) This collection activity will influence
possible policy decisions impacting the future of the nation’s
circulating coinage. This survey will contribute data about the
public’s interest as the Secretary of the Treasury considers
possible changes to the production of low denomination coins and
the metals used to construct low denomination coins. The Agency has
a report due to Congress by the end of this year using the data
collected to support policy decisions. Additionally, this survey
will support the Agency’s response to budget pass back language OMB
included about low denomination coins . The U. S. Mint published a
FRN seeking comment on this collection activity April 18, 2014 and
has received no comments as of this writing.
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:
(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;
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.
FINAL - Supporting Statementt B_4-28-14.rtf
FINAL DRAFT - Supporting Statement A 4-28-14.doc
Low-Denomination Coin Study