Retail Payments Surveys

ICR 201601-7100-007

OMB: 7100-0351

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Unchanged
Form and Instruction
Modified
Form and Instruction
Modified
Justification for No Material/Nonsubstantive Change
2016-01-13
ICR Details
7100-0351 201601-7100-007
Historical Active 201211-7100-006
FRS FR 3066a,b,c, and d
Retail Payments Surveys
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 02/24/2016
Retrieve Notice of Action (NOA) 02/24/2016
  Inventory as of this Action Requested Previously Approved
06/30/2016 06/30/2016 06/30/2016
1,675 0 1,730
49,100 0 50,890
0 0 0

The FR 3066a, FR 3066b, and FR 3066c are triennial surveys. The FR 3066d would be conducted annually or on occasion. These surveys are designed to collect information needed to support the Federal Reserve System's (FRS) role in the retail payments system. The FR 3066a and the FR 3066b collects information on the national volume (number and value) of major categories and subcategories of established and emerging methods of non cash payment from a nationally representative, stratified random sample of depository institutions, and from a census of payments networks, processors, and issuers. The FR 3066c collects data from samples of individual checks obtained from a sample of depository institutions. The FR 3066d collects payment volumes similar to those collected in the FR 3066a or the FR 3066b to obtain information about volumes and changes in volumes that may occur in the two years between triennial surveys from a subset of respondents.

US Code: 12 USC 4008 Name of Law: Expedited Funds Availability Act
   US Code: 15 USC 1693b & 1693o-2 Name of Law: Electronic Fund Transfer Act
   US Code: 15 USC 1604 Name of Law: Truth In Lending Act
   US Code: 15 USC 5014 Name of Law: The Check Clearing for the 21st Century Act
   US Code: 12 USC 248, 248a, 342, 248-1,360,411 Name of Law: Federal Reserve Act
   US Code: 12 USC 324, 602, & 625, 225a, 263 Name of Law: Federal Reserve Act
   US Code: 12 USC 1844(c) & 1467a(b)(3) & 5412 Name of Law: Bank Holding Company Act
   US Code: 12 USC 3105(c)(2) Name of Law: International Banking Act of 1978
   US Code: 12 USC 1817(a) Name of Law: Federal Deposit Insurance Act
  
None

Not associated with rulemaking

  77 FR 54912 09/06/2012
77 FR 74187 12/13/2012
Yes

  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 1,675 1,730 0 0 -55 0
Annual Time Burden (Hours) 49,100 50,890 0 0 -1,790 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
Decrease in burden hours reflects update to the FR 3066 respondent count.

$2,800,000
Yes Part B of Supporting Statement
No
No
No
No
Uncollected
John Schmidt 202-728-5859 [email protected]

  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:
 
 
 
 
 
 
 
    (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.
02/24/2016


© 2024 OMB.report | Privacy Policy