Justification Memo FDIC Community Affairs Evaluation Form

Federal Deposit Insurance Corporation

550 17th Street NW, Washington, D.C. 20429-9990

550 17th Street NW, Washington, D.C. 20429-9990

September 2, 2020

 

Memorandum to: William E. Bestani

Policy Analyst

Office of Information and Regulatory Affairs

Office of Management and Budget

Executive Office of the President                            

                                    

From: Manny Cabeza

Regulatory Counsel

Assessments and Legislation Group

Legal Division

Federal Deposit Insurance Corporation      

     

RE: Community Affairs Event Evaluation Form

The FDIC Division of Compliance and Consumer Protection (DCP) Community Affairs Section assists financial institutions in developing strategies that are responsive to the credit, service and investment needs of their communities.  FDIC Community Affairs staffs conduct outreach events, including economic inclusion forum, community development conferences, bankers roundtables, Community Reinvestment Act (CRA) and financial education workshops to banks, credit unions, nonprofits, foundations, and community-based organizations across the nation.  The evaluation form helps the Community Affairs Section assess the success of the outreach events, survey interest of community development topics and improve the quality of subsequent outreach events.     

FDIC provides events participants a link to submit their feedback/evaluation electronically after the outreach event.  (All events are currently conducted via webinar so electronic means are used.  When groups are permitted to gather in person after the COVID-19 pandemic, we will continue the use of electronic feedback/evaluation submission, and/or the use of paper forms if the event is conducted in person.) The link to or physical copy of the evaluation form is provided to the outreach event participants upon the completion of the events.  FDIC Community Affairs hosts outreach events throughout the year across the regions.   

The FDIC estimates that its Community Affairs Section will conduct approximately 57 events during the fourth quarter of 2020 and approximately 228 events during calendar year 201. FDIC estimates that there will be an average of 40 respondents per event. The estimated average time to complete the evaluation form is five minutes.

The estimated annual burden is as follows:

Estimated Number of Annual Outreach Events 228

Estimated Average Number of Respondents per Event 40

Estimated Average Time to Respond 5 minutes

Total Estimated Annual Burden: 760 hours

Total estimated annual burden for the evaluation form is 760 hours. If you have any questions, please let me know. Thank you for your consideration.