Generic Clearance for Prize Competition Participation

Forms and Documents

Document Name	Status
30-Day Notice - Generic PRA Clearance for Prize Competition Participation - 84 FR 48143 (Sept 12 2019).pdf Supplementary Document	2019-09-12
60-Day Notice - Generic PRA Clearance for Prize Competition Participation - 84 FR 29861 (Jun 25 2019).pdf Supplementary Document	2019-09-12
SPST - Prize Competitions Generic Clearance - 9-12-19.pdf Supporting Statement A	2019-09-12

IC Document Collections

IC ID	Document Title	Status
247886	Breaking Down Barriers: Reaching the Last Mile of Unbanked U.S. Households Tech Sprint (Prize Competition) Instruction	New

ICR Details

OMB Control No: 3064-0211	ICR Reference No: 201909-3064-003
Status: Active	Previous ICR Reference No:
Agency/Subagency: FDIC	Agency Tracking No:
Title: Generic Clearance for Prize Competition Participation
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/17/2019
	Date Received in OIRA: 09/12/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2022	36 Months From Approved
Responses	1,500	0	0
Time Burden (Hours)	30,000	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The FDIC plans to periodically conduct prize competitions under authority of Section 24 of the Stevenson-Wydler Technology Innovation Act of 1980 and the Federal Deposit Insurance Act. The prize competitions usually do not involve more than 300 respondents, generally do not require more than 20 hours per respondent, and are always completely voluntary in nature. It is not contemplated that more than 5 such prize competitions will be conducted in any given year. The purpose of the prize competitions is, in general terms, to obtain information involving a variety of topics and challenges associated with: underserved communities and financial inclusion; consumer protection; the FDIC’s use of information technology and data (including artificial intelligence and machine learning); and financial and technologically-driven innovation in banking.

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Authorizing Statute(s): PL: Pub.L. 96 - 480 24 Name of Law: Stevenson-Wydler Technology Innovation Act of 1980
   US Code: 12 USC 1811 et seq. Name of Law: Federal Deposit Insurance Act
  

Citations for New Statutory Requirements: None

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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:
	84 FR 29861	06/25/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 48143	09/12/2019
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 0

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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	1,500	0	0	1,500	0	0
Annual Time Burden (Hours)	30,000	0	0	30,000	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: This is a request for a new generic information collection.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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

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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: 09/12/2019

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