Justification Memo

Legal Division

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

Federal Deposit Insurance Corporation

October 28, 2020

Memorandum to: William Bestani, Policy Analyst

  Office of Information and Regulatory Affairs

Office of Management and Budget

 

From: Manny Cabeza, Regulatory Counsel

Federal Deposit Insurance Corporation

RE: FDIC Financial Institution Diversity Self-Assessment User Survey

 

Under our “fast-track” generic clearance entitled “Occasional Qualitative Surveys” (3064-0127), the FDIC hereby submits for OMB approval the “FDIC Financial Institution Diversity Self-Assessment (FID-SA) User Survey.” This survey will be hosted through the existing FID-SA electronic application.

Authorized bank users of the FID-SA application will have the opportunity to respond to two survey questions to gauge satisfaction of the application and provide feedback on how FDIC can improve their experience. Participation in completing the survey is voluntary.

The FDIC estimates that there will be approximately 500 responses each reporting year until.

Annual Estimated Number of respondents: 500

Estimated Time per survey: 5 minutes

Total Estimated Annual Burden: 42 hours

Total estimated annual burden for the annual collection of this information is 42 hours.

If you have any questions, please let me know. Thank you for your consideration.