National Survey of Unbanked and Underbanked Households

Forms and Documents

Document Name	Status
Form 6494/03 National Survey of Unbanked and Underbanked Households (English Version) Form and Instruction	Modified
Attachment D_CPS Design Methodology.pdf Supplementary Document	2017-02-08
Attachment C2- Factsheet CPS -BC-1433 (April 2016).pdf Supplementary Document	2017-02-08
Attachment C1- Confidentiality Brochure-BC-1428(RV)(July 2012).pdf Supplementary Document	2017-02-08
Attachment B-Advance Letter CPS -263(MIS-1) Atlanta (3-2016).pdf Supplementary Document	2017-02-08
Attachment A3.B-2015 FDIC Unbanked HH Survey Appendix.pdf Supplementary Document	2017-02-08
Attachment A3.A-2015 FDIC Unbanked HH Survey Report.pdf Supplementary Document	2017-02-08
Attachment A2-2017 Unbanked Underbanked Survey Redline Changes from 2015.docx Supplementary Document	2017-02-08
Attachment A1-2017 Unbanked Underbanked Survey Instrument.docx Supplementary Document	2017-02-08
FR2-0167 National Survey of Unbanked and Underbanked Households 82 FR 9741 February 8, 2017.pdf Supplementary Document	2017-02-08
FR1-0167 National Survey of Unbanked and Underbanked Households 81 FR 85222 November 25 2016.pdf Supplementary Document	2017-02-03
SPST A - 0167 Unbanked Underbanked Household Survey 2017.docx Supporting Statement A	2017-02-08
SPST B - 0167 Unbanked Underbanked Household Survey 2017.docx Supporting Statement B	2017-02-08

IC Document Collections

IC ID	Document Title	Status
186195	National Survey of Unbanked and Underbanked Households (English Version) Form and Instruction	Modified

ICR Details

OMB Control No: 3064-0167	ICR Reference No: 201702-3064-001
Status: Historical Active	Previous ICR Reference No: 201503-3064-005
Agency/Subagency: FDIC	Agency Tracking No:
Title: National Survey of Unbanked and Underbanked Households
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 05/26/2017
	Date Received in OIRA: 02/08/2017
Terms of Clearance: This information collection is approved for a period of two years and is conditioned on the following terms to be addressed prior to the next renewal. LENDING INSTITUTION USAGE AND LENDING INSTITUTION RELATIONSHIPS (QUESTIONS 70-71). For the next year, FDIC will consider any material distinctions between the ways in which respondents use/don't use traditional banks and lending institutions (the current purpose of Questions 70-71) and what it means for the targeted population to have a relationship with these institutions. In considering these distinctions, FDIC will consider whether additional questions related to relationships will serve the collection's overarching purpose (statutory and specific to the information collection) in attempting to understand banking behavior and banking needs among banked, unbanked, and underbanked households. FDIC will conduct cognitive testing on any new questions prior to OMB review. FDIC will provide OMB with an update on this process one year from the approval date for this collection. DEFINITION OF ALTERNATIVE FINANCING SERVICES (AFS) (QUESTION 127 AND ANY QUESTIONS RELATED TO ALTERNATIVE FINANCIAL SERVICES). As soon as possible, FDIC must update the definition of "Alternative Financing Services" to reflect all material characteristics of services within this category. Specifically, if the collection of information for this category intends to capture usage of only high risk (and thus high interest rate or fee) services, the definition should reflect this criteria and should provide an explanation of how it serves both the underlying statutory mandate and the overall goals of this information collection. FDIC is currently applying the high risk criteria in collecting AFS information. This definition update must be published prior to the renewal of the collection since FDIC is currently applying this criteria. SCOPE OF AFS. For next year, FDIC will consider whether peer to peer lending, including lending circles, should be added to the definition of AFS and whether new questions should be added to collect information on the use of such services. FDIC will conduct cognitive testing on any new questions prior to OMB review. FDIC will provide OMB with an update on this process one year from the approval date for this collection.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2019	36 Months From Approved	05/31/2018
Responses	40,000	0	42,000
Time Burden (Hours)	6,000	0	8,400
Cost Burden (Dollars)	0	0	0

---

Abstract: This survey will be administered by the Bureau of the Census in June 2017 in response to a statutory mandate in section 7 of the Federal Deposit Insurance Reform Conforming Amendments Act of 2005 (Pub. L. 109-1730). The survey will collect data on unbanked (those who do not have an account at a bank or credit union) and underbanked (those who have a deposit account but who also rely on alternative, non-bank financial service providers for transaction or credit services)individuals.

---

Authorizing Statute(s): PL: Pub.L. 109 - 173 7 Name of Law: Federal Deposit Insurance Reform Conforming Amendments Act of 2005
  

Citations for New Statutory Requirements: PL: Pub.L. 109 - 173 7 Name of Law: Federal Deposit Insurance Reform Conforming Amendments Act of 2005

---

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

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 85222	11/25/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 9741	02/08/2017
Did the Agency receive public comments on this ICR? No

---

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

IC Title	Form No.	Form Name
National Survey of Unbanked and Underbanked Households (English Version)	6494/03	2017 National Survey of Unbanked and Underbanked Households

---

ICR Summary 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	40,000	42,000	0	0	-2,000	0
Annual Time Burden (Hours)	6,000	8,400	0	0	-2,400	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

---

Annual Cost to Federal Government:

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: 02/08/2017

---